Wall Street brokerages predict that Spark Energy Inc (NASDAQ:SPKE) will announce earnings of $0.04 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Spark Energy’s earnings. Spark Energy posted earnings of $0.01 per share in the same quarter last year, which would suggest a positive year over year growth rate of 300%. The business is scheduled to issue its next quarterly earnings report on Friday, August 3rd.
On average, analysts expect that Spark Energy will report full-year earnings of ($0.54) per share for the current financial year. For the next financial year, analysts anticipate that the business will post earnings of $0.83 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Spark Energy.
Spark Energy (NASDAQ:SPKE) last released its earnings results on Wednesday, May 9th. The utilities provider reported ($1.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($1.28). The business had revenue of $286.69 million for the quarter, compared to the consensus estimate of $213.53 million. Spark Energy had a net margin of 0.48% and a return on equity of 3.35%.
Several equities research analysts have weighed in on SPKE shares. Guggenheim reissued a “buy” rating and set a $18.00 price target on shares of Spark Energy in a research report on Monday, April 23rd. 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 raised shares of Spark Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 15th. B. Riley set a $13.00 price target on shares of Spark Energy and gave the company a “hold” rating in a research report on Monday, May 14th. Finally, ValuEngine cut shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Spark Energy presently has an average rating of “Hold” and an average price target of $19.50.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sanders Morris Harris LLC bought a new stake in shares of Spark Energy in the fourth quarter worth approximately $5,646,000. Millennium Management LLC bought a new position in Spark Energy during the first quarter valued at $2,469,000. Cambridge Investment Research Advisors Inc. bought a new position in Spark Energy during the first quarter valued at $867,000. Alliancebernstein L.P. increased its position in Spark Energy by 40.9% during the fourth quarter. Alliancebernstein L.P. now owns 210,770 shares of the utilities provider’s stock valued at $2,614,000 after acquiring an additional 61,160 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Spark Energy by 19.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 328,385 shares of the utilities provider’s stock valued at $4,072,000 after acquiring an additional 53,421 shares during the last quarter. 31.72% of the stock is owned by institutional investors.
SPKE traded up $0.40 during trading on Friday, hitting $10.45. 6,897 shares of the stock traded hands, compared to its average volume of 129,093. The stock has a market capitalization of $347.99 million, a P/E ratio of -20.94 and a beta of -1.93. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.01. Spark Energy has a 12-month low of $8.60 and a 12-month high of $22.85.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Thursday, May 31st were given a dividend of $0.1813 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $0.73 dividend on an annualized basis and a yield of 6.94%. Spark Energy’s dividend payout ratio (DPR) is currently -152.08%.
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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