Wall Street brokerages expect that Sprague Resources LP (NYSE:SRLP) will report earnings per share of $1.25 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Sprague Resources’ earnings. Sprague Resources reported earnings per share of ($0.08) in the same quarter last year, which would suggest a positive year over year growth rate of 1,662.5%. The company is expected to report its next earnings report on Friday, March 9th.
On average, analysts expect that Sprague Resources will report full-year earnings of $3.12 per share for the current financial year. For the next year, analysts anticipate that the company will post earnings of $3.03 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Sprague Resources.
Several research firms recently commented on SRLP. Zacks Investment Research lowered Sprague Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. BidaskClub raised Sprague Resources from a “sell” rating to a “hold” rating in a report on Friday, October 6th.
Shares of Sprague Resources (SRLP) opened at $24.05 on Tuesday. The stock has a market capitalization of $557.06, a price-to-earnings ratio of 13.80 and a beta of 1.33. The company has a quick ratio of 1.16, a current ratio of 2.35 and a debt-to-equity ratio of 0.26. Sprague Resources has a 52 week low of $22.95 and a 52 week high of $30.75.
The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a dividend of $0.6225 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 10.35%. This is an increase from Sprague Resources’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, November 3rd. Sprague Resources’s dividend payout ratio (DPR) is presently 139.11%.
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About Sprague Resources
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