Equities analysts expect StoneMor Partners L.P. (NYSE:STON) to announce sales of $89.19 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for StoneMor Partners’ earnings. The lowest sales estimate is $85.12 million and the highest is $93.25 million. The company is expected to issue its next quarterly earnings report on Friday, April 27th.

On average, analysts expect that StoneMor Partners will report full-year sales of $89.19 million for the current financial year, with estimates ranging from $338.06 million to $346.18 million. For the next year, analysts expect that the company will post sales of $353.79 million per share, with estimates ranging from $348.63 million to $358.94 million. Zacks’ sales averages are an average based on a survey of research firms that cover StoneMor Partners.

StoneMor Partners (NYSE:STON) last issued its earnings results on Friday, January 26th. The company reported ($0.25) earnings per share (EPS) for the quarter. StoneMor Partners had a negative return on equity of 22.16% and a negative net margin of 10.42%. The firm had revenue of $84.03 million during the quarter. During the same quarter last year, the business earned ($0.28) earnings per share.

Several research analysts recently commented on STON shares. B. Riley dropped their price target on StoneMor Partners from $11.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, January 30th. BidaskClub upgraded StoneMor Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $7.00.

In related news, major shareholder Value Equity Fund Gp L. Oaktree purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $5.40 per share, for a total transaction of $540,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Value Equity Holdings Oaktree purchased 60,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $5.12 per share, with a total value of $307,200.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 266,533 shares of company stock valued at $1,406,211. 9.80% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. boosted its position in shares of StoneMor Partners by 0.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 129,303 shares of the company’s stock valued at $1,222,000 after buying an additional 842 shares during the period. Virtu KCG Holdings LLC boosted its position in shares of StoneMor Partners by 5.3% during the second quarter. Virtu KCG Holdings LLC now owns 24,718 shares of the company’s stock valued at $234,000 after buying an additional 1,236 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of StoneMor Partners by 1,652.5% during the second quarter. The Manufacturers Life Insurance Company now owns 16,246 shares of the company’s stock valued at $153,000 after buying an additional 15,319 shares during the period. Benchmark Capital Advisors purchased a new position in shares of StoneMor Partners during the fourth quarter valued at approximately $115,000. Finally, Chessman Wealth Strategies RIA purchased a new position in shares of StoneMor Partners during the fourth quarter valued at approximately $118,000. Institutional investors and hedge funds own 29.13% of the company’s stock.

Shares of StoneMor Partners (STON) opened at $6.01 on Thursday. StoneMor Partners has a twelve month low of $4.61 and a twelve month high of $11.45. The company has a debt-to-equity ratio of 2.24, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market capitalization of $226.99, a PE ratio of -7.07 and a beta of 0.33.

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About StoneMor Partners

StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services.

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