Star Group (NYSE:SGU) Releases Earnings Results

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

Star Group Trading Down 0.2 %

NYSE SGU traded down $0.02 during trading hours on Thursday, reaching $11.48. The company had a trading volume of 6,650 shares, compared to its average volume of 36,974. The stock has a 50-day moving average of $10.70 and a 200 day moving average 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. The stock has a market capitalization of $408.34 million, a P/E ratio of 22.08 and a beta of 0.43.

Star Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Monday, April 29th will be given a $0.1725 dividend. The ex-dividend date is Friday, April 26th. This represents a $0.69 dividend on an annualized basis and a yield of 6.01%. This is a boost from Star Group’s previous quarterly dividend of $0.16. Star Group’s dividend payout ratio is presently 132.69%.

Analysts Set New Price Targets

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