Star Group (NYSE:SGU) Releases Quarterly Earnings Results

Star Group (NYSE:SGU) issued its quarterly earnings results on Wednesday. The pipeline company reported $1.56 EPS for the quarter, Zacks reports. Star Group had a return on equity of 11.07% and a net margin of 1.72%. The company had revenue of $666.03 million for the quarter.

Star Group Price Performance

Shares of SGU stock traded down $0.02 during trading hours on Thursday, reaching $11.48. The company’s stock had a trading volume of 6,626 shares, compared to its average volume of 36,973. Star Group has a fifty-two week low of $9.90 and a fifty-two week high of $15.22. The firm’s 50 day simple moving average is $10.70 and its 200-day simple moving average is $11.49. The company has a quick ratio of 0.56, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $408.34 million, a price-to-earnings ratio of 22.12 and a beta of 0.43.

Star Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Monday, April 29th will be given 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 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Friday, April 26th. Star Group’s payout ratio is currently 132.69%.

Analyst Upgrades and Downgrades

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.