Star Group (SGU) Set to Announce Earnings on Wednesday

Star Group (NYSE:SGU) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Parties that are interested in registering for the company’s conference call can do so using this link.

Star Group (NYSE:SGU) last issued its quarterly earnings results on Wednesday, February 7th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $528.10 million for the quarter. Star Group had a net margin of 1.72% and a return on equity of 11.07%.

Star Group Stock Performance

Shares of Star Group stock traded down $0.14 during trading on Tuesday, hitting $11.29. 10,987 shares of the stock were exchanged, compared to its average volume of 36,617. The stock has a market capitalization of $401.59 million, a price-to-earnings ratio of 22.06 and a beta of 0.48. The company has a fifty day moving average price of $10.68 and a 200-day moving average price of $11.49. Star Group has a 1-year low of $9.90 and a 1-year high of $15.22. The company has a current ratio of 0.76, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46.

Star Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Monday, April 29th will be paid a dividend of $0.1725 per share. The ex-dividend date is Friday, April 26th. This is a positive change from Star Group’s previous quarterly dividend of $0.16. This represents a $0.69 annualized dividend and a dividend yield of 6.11%. Star Group’s payout ratio is currently 132.69%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Star Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 13th.

About Star Group

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.