For its second fiscal quarter (ending March 31), Suburban Propane Partners LP (NYSE: SPH) has reported a 6% increase in E.P.S. from $1.63 a year ago to $1.73 in the current quarter. For the latest four quarters through March 31, E.P.S. were $1.71 versus $1.45 for the same period a year ago — an increase of 18%.
Recent Price Action
Suburban Propane Partners LP (NYSE: SPH) stock closed at $19.65 on 5/9/24 after a decline of -2.6%. Trading volume in this decline was normal. The stock has declined -1.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SPH is expected to continue to be a major Value Builder.
Suburban Propane Partners has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Suburban Propane Partners has a neutral Appreciation Score of 48 but a good Power Rating of 79, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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