Suburban Propane Partners L.P. (SPH): Traded shares at $12.74 on Tuesday, August 04

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Suburban Propane Partners L.P. (NYSE:SPH) changes shares on Tuesday trading session, with a change of 0.63% or $0.08 shares. The trading starts at $12.56 and closed at $12.66 throughout the day. The trading session low price was $12.50 and day high was $12.74 on Tuesday, August 04. After the session, the Utilities sector daily volume shifted to 0.29 million while its average volume is 299.49K. In other hand, the SPH market cap reached to $779.56M. While, its current target price is $18.67.

On May 10, 2018, BRIEF-Suburban Propane Partners Reports Q2 Earnings Per Share Of $1.74. According to the news reported on Reuters, * SUBURBAN PROPANE PARTNERS, L.P. ANNOUNCES SECOND QUARTER EARNINGS

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 -1.85% and down -10.97% for month. Its quarterly performance was -9.71% below, while its half year performance is down -41.77%. SPH yearly performance stood at negative -45.18% and fall -41.69% 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 1.05. Sales growth for the current quarter is 6.28 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%.

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 37.80%.

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 -0.57, while -0.47 EPS posted a year ago period. Analyst Estimated EPS for SPH published in the report was -$0.67 – -$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 -29.55% for period of 200 days. SMA for 50 days was -11.92% which is showing red signal, while SMA-20 was -8.00%. The moving average value for Suburban Propane Partners L.P. (SPH) is 15.87 and 14.18 for 200 and 50 days respectively.