Analysts Anticipate Spark Energy Inc (SPKE) Will Announce Earnings of -$0.09 Per Share

Equities research analysts forecast that Spark Energy Inc (NASDAQ:SPKE) will announce earnings of ($0.09) per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Spark Energy’s earnings. Spark Energy posted earnings per share of $0.11 during the same quarter last year, which would indicate a negative year-over-year growth rate of 181.8%. The company is scheduled to issue its next earnings report on Friday, November 2nd.

On average, analysts expect that Spark Energy will report full-year earnings of ($0.48) per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of $0.29 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Spark Energy.

Spark Energy (NASDAQ:SPKE) last released its earnings results on Thursday, August 2nd. The utilities provider reported $0.41 earnings per share for the quarter. The company had revenue of $232.25 million during the quarter, compared to the consensus estimate of $200.33 million. Spark Energy had a return on equity of 21.26% and a net margin of 1.10%.

A number of equities research analysts have recently weighed in on SPKE shares. BidaskClub downgraded Spark Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, July 20th. B. Riley set a $11.00 target price on Spark Energy and gave the stock a “hold” rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $14.50.

SPKE stock opened at $8.37 on Friday. The firm has a market cap of $296.11 million, a PE ratio of 22.34 and a beta of -1.93. Spark Energy has a twelve month low of $7.73 and a twelve month high of $15.30. The company has a quick ratio of 2.18, a current ratio of 2.20 and a debt-to-equity ratio of 1.01.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.1813 dividend. 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 8.66%. Spark Energy’s dividend payout ratio is presently -152.08%.

In related news, VP Gil Melman sold 32,361 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $8.78, for a total value of $284,129.58. Following the completion of the sale, the vice president now owns 16,962 shares in the company, valued at $148,926.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Keith Maxwell III acquired 123,904 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The stock was bought at an average price of $8.20 per share, with a total value of $1,016,012.80. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 180,098 shares of company stock valued at $1,472,084 and sold 68,223 shares valued at $597,922. Corporate insiders own 67.63% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings 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 valued at $111,000 after purchasing an additional 11,000 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Spark Energy in the first quarter valued at about $135,000. Citadel Advisors LLC bought a new stake in Spark Energy in the second quarter valued at about $118,000. Baird Financial Group Inc. bought a new stake in Spark Energy in the second quarter valued at about $138,000. Finally, Element Capital Management LLC bought a new stake in Spark Energy in the first quarter valued at about $176,000. Institutional investors and hedge funds own 32.47% of the company’s stock.

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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