Equities analysts expect that Spark Energy Inc (NASDAQ:SPKE) will announce sales of $200.33 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Spark Energy’s earnings, with the lowest sales estimate coming in at $168.40 million and the highest estimate coming in at $232.25 million. Spark Energy posted sales of $151.44 million during the same quarter last year, which would indicate a positive year over year growth rate of 32.3%. The business is scheduled to issue its next earnings report on Friday, September 7th.
According to Zacks, analysts expect that Spark Energy will report full-year sales of $1.00 billion for the current fiscal year, with estimates ranging from $1.00 billion to $1.01 billion. For the next financial year, analysts forecast that the firm will post sales of $1.01 billion per share, with estimates ranging from $984.84 million to $1.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Spark Energy.
Several research firms have recently commented on SPKE. B. Riley set a $11.00 price objective on shares of Spark Energy and gave the company a “hold” rating in a research note on Monday, August 6th. BidaskClub lowered shares of Spark Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, July 20th. Zacks Investment Research raised shares of Spark Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 15th. Finally, TheStreet lowered shares of Spark Energy from a “b-” rating to a “c” rating in a research note on Thursday, May 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Spark Energy currently has a consensus rating of “Hold” and an average target price of $14.50.
In related news, VP Jason K. Garrett sold 20,000 shares of Spark Energy stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $8.75, for a total value of $175,000.00. Following the completion of the transaction, the vice president now owns 26,147 shares in the company, valued at $228,786.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gil Melman sold 32,361 shares of Spark Energy stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $148,926.36. The disclosure for this sale can be found here. Insiders sold 68,223 shares of company stock valued at $597,922 in the last quarter. 66.89% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Cambria Investment Management L.P. purchased a new position in Spark Energy in the first quarter worth approximately $128,000. Nisa Investment Advisors LLC lifted its stake in Spark Energy by 2,619.0% in the second quarter. Nisa Investment Advisors LLC now owns 11,420 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 11,000 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Spark Energy in the first quarter worth approximately $135,000. Citadel Advisors LLC purchased a new position in Spark Energy in the second quarter worth approximately $118,000. Finally, Baird Financial Group Inc. purchased a new position in Spark Energy in the second quarter worth approximately $138,000. Institutional investors own 32.34% of the company’s stock.
Shares of NASDAQ SPKE traded down $0.05 during midday trading on Friday, hitting $8.45. The company’s stock had a trading volume of 72,100 shares, compared to its average volume of 191,559. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.18 and a current ratio of 2.20. Spark Energy has a 1 year low of $8.05 and a 1 year high of $17.15. The firm has a market cap of $306.93 million, a price-to-earnings ratio of -17.60 and a beta of -1.95.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 30th will be paid a $0.1813 dividend. The ex-dividend date of this dividend is Wednesday, August 29th. This represents a $0.73 dividend on an annualized basis and a yield of 8.58%. Spark Energy’s dividend payout ratio is currently -152.08%.
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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