Sprague Resources (SRLP) to Release Quarterly Earnings on Wednesday

Sprague Resources (NYSE:SRLP) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, November 7th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter.

Sprague Resources (NYSE:SRLP) last posted its quarterly earnings data on Wednesday, August 8th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.15). The company had revenue of $741.66 million for the quarter, compared to analysts’ expectations of $678.35 million. Sprague Resources had a return on equity of 19.91% and a net margin of 0.91%. On average, analysts expect Sprague Resources to post $4 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:SRLP opened at $24.00 on Tuesday. The company has a market cap of $567.88 million, a P/E ratio of 21.24 and a beta of 1.28. Sprague Resources has a fifty-two week low of $21.80 and a fifty-two week high of $29.00.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Tuesday, November 6th will be given a dividend of $0.6675 per share. The ex-dividend date is Monday, November 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 11.13%. Sprague Resources’s payout ratio is currently 236.28%.

SRLP has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Sprague Resources from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, October 10th. TheStreet cut shares of Sprague Resources from a “b” rating to a “c” rating in a research report on Thursday, October 11th. Finally, ValuEngine raised shares of Sprague Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $28.00.

COPYRIGHT VIOLATION WARNING: “Sprague Resources (SRLP) to Release Quarterly Earnings on Wednesday” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/11/06/sprague-resources-srlp-to-release-quarterly-earnings-on-wednesday.html.

About Sprague Resources

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company operates through four segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale, retail, and commercial customers.

Featured Story: Conference Calls

Earnings History for Sprague Resources (NYSE:SRLP)

Receive News & Ratings for Sprague Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprague Resources and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply