$3.57 Billion in Sales Expected for Sunoco LP (SUN) This Quarter

Equities analysts expect Sunoco LP (NYSE:SUN) to report $3.57 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Sunoco’s earnings. The lowest sales estimate is $2.93 billion and the highest is $4.22 billion. Sunoco posted sales of $4.31 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 17.2%. The company is expected to issue its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Sunoco will report full-year sales of $3.57 billion for the current year, with estimates ranging from $11.75 billion to $16.05 billion. For the next fiscal year, analysts anticipate that the company will report sales of $12.53 billion per share, with estimates ranging from $11.26 billion to $13.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Sunoco.

Several brokerages have weighed in on SUN. Mitsubishi UFJ Financial Group reaffirmed an “underweight” rating on shares of Sunoco in a research note on Thursday, November 9th. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price target (up previously from $29.00) on shares of Sunoco in a research report on Monday, September 11th. Robert W. Baird reissued a “buy” rating and set a $36.00 price target on shares of Sunoco in a research report on Friday. UBS AG reissued a “neutral” rating and set a $30.00 price target (up previously from $28.00) on shares of Sunoco in a research report on Monday, August 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $35.00 price target on shares of Sunoco in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.33.

In related news, Director Stephen Pearce sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $0.44, for a total value of $110,000.00.

A number of hedge funds have recently added to or reduced their stakes in SUN. Alliancebernstein L.P. raised its holdings in Sunoco by 40.6% during the first quarter. Alliancebernstein L.P. now owns 11,969 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 3,456 shares in the last quarter. Credit Suisse AG raised its holdings in Sunoco by 3.1% during the first quarter. Credit Suisse AG now owns 50,663 shares of the oil and gas company’s stock worth $1,224,000 after purchasing an additional 1,522 shares in the last quarter. Bank of Montreal Can acquired a new stake in Sunoco during the second quarter worth approximately $10,986,000. Baldwin Brothers Inc. MA raised its holdings in Sunoco by 33.3% during the second quarter. Baldwin Brothers Inc. MA now owns 10,000 shares of the oil and gas company’s stock worth $306,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Advisors Capital Management LLC raised its holdings in Sunoco by 6.3% during the second quarter. Advisors Capital Management LLC now owns 106,085 shares of the oil and gas company’s stock worth $3,247,000 after purchasing an additional 6,289 shares in the last quarter. 26.50% of the stock is currently owned by institutional investors.

Shares of Sunoco (NYSE:SUN) traded down $0.17 during mid-day trading on Friday, reaching $30.70. 180,700 shares of the company’s stock traded hands, compared to its average volume of 608,629. The company has a current ratio of 4.02, a quick ratio of 3.75 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $3,020.00, a price-to-earnings ratio of 18.27 and a beta of 0.58. Sunoco has a one year low of $21.01 and a one year high of $32.67.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be issued a $0.8255 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $3.30 annualized dividend and a yield of 10.76%. Sunoco’s dividend payout ratio (DPR) is -73.17%.

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Sunoco Company Profile

Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.

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Earnings History and Estimates for Sunoco (NYSE:SUN)

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