Star Group (NYSE:SGU - Get Free Report) posted its earnings results on Wednesday. The pipeline company reported $1.56 earnings per share for the quarter, Zacks reports. The firm had revenue of $666.03 million for the quarter. Star Group had a net margin of 1.72% and a return on equity of 11.07%.
Star Group Trading Down 2.0 %
NYSE SGU traded down $0.23 during trading on Thursday, hitting $11.27. The stock had a trading volume of 25,859 shares, compared to its average volume of 37,201. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.76. The stock has a 50 day simple moving average of $10.70 and a 200 day simple moving average of $11.49. Star Group has a one year low of $9.90 and a one year high of $15.22. The stock has a market capitalization of $400.87 million, a price-to-earnings ratio of 22.08 and a beta of 0.43.
Star Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Monday, April 29th will be issued a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 6.12%. This is an increase from Star Group's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, April 26th. Star Group's dividend payout ratio is presently 132.69%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Star Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 13th.
Check Out Our Latest Analysis on SGU
Star Group Company Profile
(
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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.
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