Star Group (NYSE:SGU) Releases Earnings Results

Star Group (NYSE:SGU) issued its quarterly earnings results on Wednesday. The pipeline company reported $0.79 earnings per share (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 Price Performance

SGU stock opened at $12.40 on Thursday. The firm’s 50-day moving average price is $11.71 and its two-hundred day moving average price is $11.64. Star Group has a 12-month low of $9.64 and a 12-month high of $12.93. The stock has a market capitalization of $428.62 million, a price-to-earnings 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.

Star Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, January 27th were issued a $0.1725 dividend. The ex-dividend date was 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%.

Analysts Set New Price Targets

Separately, StockNews.com cut Star Group from a “strong-buy” rating to a “buy” rating in a research 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.