Star Group (SGU) Set to Announce Quarterly Earnings on Wednesday

Star Group (NYSE:SGU) will issue its quarterly earnings data after the market closes on Wednesday, May 1st.

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

Star Group Stock Performance

Shares of SGU traded down $0.02 during trading hours on Friday, hitting $11.10. The stock had a trading volume of 44,300 shares, compared to its average volume of 48,033. Star Group has a 12 month low of $9.90 and a 12 month high of $15.22. The stock has a fifty day moving average price of $10.67 and a 200 day moving average price of $11.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.56. The firm has a market capitalization of $394.83 million, a PE ratio of 21.35 and a beta of 0.48.

Star Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Monday, April 29th will be paid a dividend of $0.1725 per share. This is an increase from Star Group’s previous quarterly dividend of $0.16. This represents a $0.69 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Friday, April 26th. Star Group’s payout ratio is currently 125.00%.

Wall Street Analysts Forecast Growth

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

Star Group Company Profile

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.