Star Group (NYSE:SGU) Releases Quarterly Earnings Results

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

Star Group Stock Performance

Shares of NYSE SGU traded down $0.11 during midday trading on Wednesday, reaching $12.40. 48,743 shares of the stock were exchanged, compared to its average volume of 33,071. Star Group has a twelve month low of $9.64 and a twelve month high of $12.93. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 0.71. The firm has a 50-day simple moving average of $11.72 and a two-hundred day simple moving average of $11.64. The firm has a market cap of $428.62 million, a price-to-earnings ratio of 21.75 and a beta of 0.48.

Star Group Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.