Spark Energy (NASDAQ:SPKE) released its quarterly earnings results on Friday. The utilities provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.31, Fidelity Earnings reports. The business had revenue of $258.48 million during the quarter, compared to analyst estimates of $240.69 million. Spark Energy had a net margin of 1.10% and a return on equity of 21.26%.
NASDAQ SPKE opened at $7.85 on Friday. Spark Energy has a 12 month low of $7.33 and a 12 month high of $15.20. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.18 and a current ratio of 2.20. The firm has a market cap of $273.79 million, a price-to-earnings ratio of 14.54 and a beta of -1.48.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.1813 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.73 dividend on an annualized basis and a yield of 9.24%. Spark Energy’s dividend payout ratio (DPR) is -152.08%.
A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Spark Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. B. Riley set a $11.00 price target on shares of Spark Energy and gave the company a “hold” rating in a report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.50.
Spark Energy Company Profile
Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.
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