New insider activity at Suburban Propane ( (SPH) ) has taken place on February 14, 2025.
Former Vice President of Product Supply, Michael A. Schueler, recently sold 7,746 shares of Suburban Propane stock, generating a total of $162,123 from the transaction.
Recent Updates on SPH stock
Suburban Propane’s recent financial performance has been influenced by a variety of factors, resulting in adjustments to its stock price targets. The company’s Q1 earnings report revealed a decrease in net income to $19.4 million, from $24.5 million the previous year, largely due to unseasonably warm weather reducing propane demand. Despite a 6.3% increase in gross margin, operating expenses rose by 1.6%. The earnings call highlighted stable EBITDA amidst these challenges, with strategic acquisitions in the Southwest and ongoing renewable energy projects supporting future growth. However, analysts expressed concerns over high leverage and increased net interest expenses, impacting valuation assessments. The company’s commitment to strategic growth initiatives and improving its commodity hedge position offers a cautiously optimistic outlook, although weather volatility and increased leverage remain significant concerns.
More about Suburban Propane
YTD Price Performance: 25.21%
Average Trading Volume: 263,926
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.37B