Spark Energy (SPKE) Issues Earnings Results, Beats Expectations By $0.31 EPS

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%.

In other news, VP Jason K. Garrett sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $8.75, for a total value of $175,000.00. Following the transaction, the vice president now directly owns 26,147 shares in the company, valued at approximately $228,786.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Gil Melman sold 32,361 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $8.78, for a total transaction of $284,129.58. Following the completion of the transaction, the vice president now owns 16,962 shares in the company, valued at $148,926.36. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 180,098 shares of company stock worth $1,472,084 and have sold 68,223 shares worth $597,922. Corporate insiders own 66.89% of the company’s stock.

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.

Further Reading: Discount Rate

Earnings History for Spark Energy (NASDAQ:SPKE)

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