Star Group (NYSE:SGU) Issues Quarterly Earnings Results

Star Group (NYSE:SGU) posted its earnings results on Wednesday. The pipeline company reported $0.79 EPS for the quarter, Zacks reports. Star Group had a net margin of 1.99% and a return on equity of 12.01%.

Star Group Stock Down 0.8 %

Star Group stock traded down $0.11 on Wednesday, hitting $12.40. 48,743 shares of the stock traded hands, compared to its average volume of 33,071. Star Group has a 1 year low of $9.64 and a 1 year high of $12.93. The firm has a market cap of $428.62 million, a P/E ratio of 21.75 and a beta of 0.48. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $11.72 and its 200 day simple moving average is $11.64.

Star Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Monday, January 27th will be paid a $0.1725 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.69 annualized dividend and a yield of 5.57%. Star Group’s payout ratio is 121.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Star Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th.

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.