Wall Street analysts expect Spark Energy (NASDAQ:SPKE) to report $172.66 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Spark Energy’s earnings, with the lowest sales estimate coming in at $168.40 million and the highest estimate coming in at $176.92 million. Spark Energy posted sales of $151.44 million in the same quarter last year, which would indicate a positive year over year growth rate of 14%. The business is scheduled to report its next quarterly earnings report on Friday, August 3rd.
According to Zacks, analysts expect that Spark Energy will report full year sales of $940.15 million for the current fiscal year, with estimates ranging from $919.29 million to $961.00 million. For the next financial year, analysts anticipate that the business will report sales of $936.74 million per share, with estimates ranging from $860.09 million to $1.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Spark Energy.
Spark Energy (NASDAQ:SPKE) last posted its earnings results on Friday, March 9th. The utilities provider reported ($0.76) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($1.07). Spark Energy had a return on equity of 3.35% and a net margin of 0.48%. The firm had revenue of $234.78 million for the quarter, compared to the consensus estimate of $231.71 million.
Several equities analysts have commented on SPKE shares. B. Riley set a $14.00 target price on shares of Spark Energy and gave the stock a “neutral” rating in a research report on Wednesday, March 7th. BidaskClub raised shares of Spark Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 14th. TheStreet cut shares of Spark Energy from a “b-” rating to a “c” rating in a research report on Thursday, May 10th. Zacks Investment Research cut shares of Spark Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, March 9th. Finally, ValuEngine cut shares of Spark Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.58.
Spark Energy stock opened at $10.10 on Friday. Spark Energy has a 52 week low of $8.60 and a 52 week high of $23.65. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.01. The company has a market cap of $344.53 million, a price-to-earnings ratio of -21.04 and a beta of -1.87.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 31st will be issued a $0.1813 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.18%. Spark Energy’s dividend payout ratio (DPR) is presently -152.08%.
Large investors have recently bought and sold shares of the stock. Cambria Investment Management L.P. bought a new stake in shares of Spark Energy in the 1st quarter worth approximately $128,000. First Trust Advisors LP bought a new stake in shares of Spark Energy in the 4th quarter worth approximately $136,000. Element Capital Management LLC bought a new stake in shares of Spark Energy in the 1st quarter worth approximately $176,000. Stone Ridge Asset Management LLC bought a new stake in shares of Spark Energy in the 4th quarter worth approximately $243,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Spark Energy by 42.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,020 shares of the utilities provider’s stock worth $248,000 after purchasing an additional 6,000 shares during the period. 31.97% of the stock is currently owned by institutional investors.
About Spark Energy
Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.
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