Revenue Update on StoneMor Partners L.P.(NYSE:STON)

StoneMor Partners L.P.(NYSE:STON) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $75.55M. Analysts estimated a revenue of $88.30M. Earnings per share were $-0.26. Analysts had estimated an EPS of $-0.08.

StoneMor Partners L.P. (STON) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.08% at a volume of 1,01,743. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.55. The peak price level was also seen at $24.55 while the days lowest was $24.1864. Finally the shares closed at $24.34. The 52-week high of the shares is $31.15 while the 52-week low is $22.0405. According to the latest information available, the market cap of the company is $863 M.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Robert B Jr Hellman (director) purchased 374 shares at $26.62 per share price.Also, On Aug 3, 2016, Martin R Lautman (director) purchased 186 shares at $26.60 per share price.On Aug 3, 2016, William Robert Shane (director) purchased 111 shares at $26.60 per share price, according to the Form-4 filing with the securities and exchange commission.

StoneMor Partners L.P. is an owner and operator of cemeteries and funeral homes in the United States. The Company operates through five segments: Cemetery Operations – Southeast Cemetery Operations – Northeast Cemetery Operations – West Funeral Homes and Corporate. The Company’s Cemetery Operations – Northeast and Cemetery Operations – West segments sell interment rights caskets burial vaults cremation niches markers and other cemetery related merchandise. The Company’s Funeral Homes segment offers a range of funeral-related services such as family consultation the removal of and preparation of remains and the use of funeral home facilities for visitation and prayer services. The Company’s Corporate segment includes various home office selling and administrative expenses such as payroll accounting collections and professional fees. The Company operates approximately 304 cemeteries and 102 funeral homes in over 28 states and Puerto Rico.

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