Suburban Propane Partners L.P. (SPH): Key fundamentals of SPH


Suburban Propane Partners L.P. (NYSE:SPH) changes shares on Monday trading session, with a change of -7.72% or -$1.26 shares. The trading starts at $16.21 and closed at $16.32 throughout the day. The trading session low price was $14.93 and day high was $16.21 on Monday, June 22. After the session, the Utilities sector daily volume shifted to 0.56 million while its average volume is 362.28K. In other hand, the SPH market cap reached to $927.09M. While, its current target price is $15.06 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.12% and up 4.51% for month. Its quarterly performance was 34.70% above, while its half year performance is down -32.07%. SPH yearly performance stood at negative -38.86% and fall -31.08% for year-to-date. Current recommendation for Suburban Propane Partners L.P. is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SPH EPS (TTM) for 12-month is 0.51. EPS for this year is -11.10%, while for the next year its value is 1.06. Sales growth for the current quarter is 7.43 while its EPS Q/Q reached -36.50%. It has an EPS of -6.70% down for past five years and for the next five years will be up 4.00%.

Let’s take a look on the analyst recommendations on SPH for the current month and previous month. For the current month, 1 of 5 analysts recommend stock as Buy while 1 as Sell, 1 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 4 analysts participate in stock recommendation. Out of 4, 0 rated it sell, 1 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $16.00-$22.00. Average target price for SPH was reached at $18.00.

Invesco Ltd., Abrams Capital Management, L.P. and Morgan Stanley are the top three holders in Suburban Propane Partners L.P. (SPH) stock. On Mar 30, 2020, Invesco Ltd. has 8.04 million shares which valued 113.71 million. On Mar 30, 2020, Abrams Capital Management, L.P. owned 2.67 million shares which valued at 37.72 million. On Mar 30, 2020, Morgan Stanley has a total of 0.72 million shares which valued at 10.25 million. In the end, Morgan Stanley have 1.17% shares outstanding of Suburban Propane Partners L.P. (SPH) on Mar 30, 2020. The insider ownership moved to 1.37% and institutional holding shifted to 37.60%.

The company posted an EPS (TTM) of 0.51. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of -0.55, while -0.47 EPS posted a year ago period. Analyst Estimated EPS for SPH published in the report was -0.68–0.42 during the same period. Comparing with last year, the average estimated EPS was -0.47 which is lower than 1.23 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SPH fall -22.83% for period of 200 days. SMA for 50 days was 4.09% which is showing green signal, while SMA-20 was -0.64%. The moving average value for Suburban Propane Partners L.P. (SPH) is 17.65 and 14.57 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SPH stock. On Jun 24, Brinkworth Douglas, Sr. Vice Pres.-Product Supply, sold 9,000 trading shares at the cost of $24.25, which valued at 0.22 million. On Jun 24, Bloomstein Daniel S, Vice President & Controller, sold 3,000 shares at the cost of $24.30, with total shares of 24,778.