Brokerages expect Sunoco LP (NYSE:SUN) to post earnings per share (EPS) of $0.78 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Sunoco’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.63. Sunoco reported earnings per share of $1.15 during the same quarter last year, which would suggest a negative year-over-year growth rate of 32.2%. The firm is expected to announce its next earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that Sunoco will report full-year earnings of $2.40 per share for the current financial year, with EPS estimates ranging from $2.22 to $2.75. For the next year, analysts expect that the company will post earnings of $2.70 per share, with EPS estimates ranging from $1.80 to $3.82. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Sunoco.
Sunoco (NYSE:SUN) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.31). Sunoco had a net margin of 1.21% and a return on equity of 35.57%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the prior year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year.
A number of equities research analysts have recently commented on SUN shares. Raymond James reduced their price objective on shares of Sunoco from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus set a $34.00 price objective on shares of Sunoco and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, ValuEngine lowered shares of Sunoco from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Sunoco currently has a consensus rating of “Hold” and a consensus price target of $30.80.
Shares of NYSE:SUN traded up $0.07 during trading on Friday, reaching $31.42. The stock had a trading volume of 145,733 shares, compared to its average volume of 293,895. The firm’s fifty day moving average is $31.60 and its 200 day moving average is $31.09. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.78 and a current ratio of 1.24. Sunoco has a 52 week low of $23.80 and a 52 week high of $34.09. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 12.18 and a beta of 0.77.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were paid a dividend of $0.8255 per share. This represents a $3.30 annualized dividend and a yield of 10.51%. The ex-dividend date of this dividend was Monday, August 5th. Sunoco’s dividend payout ratio is presently 127.91%.
A number of hedge funds and other institutional investors have recently modified their holdings of SUN. Griffin Asset Management Inc. bought a new position in Sunoco during the second quarter worth $33,000. Steward Partners Investment Advisory LLC bought a new position in Sunoco during the second quarter worth $41,000. Tower Research Capital LLC TRC bought a new position in Sunoco during the second quarter worth $44,000. Stonebridge Capital Advisors LLC bought a new position in Sunoco during the second quarter worth $59,000. Finally, Janney Montgomery Scott LLC bought a new position in Sunoco during the second quarter worth $203,000. 44.43% of the stock is currently owned by institutional investors and hedge funds.
Sunoco Company Profile
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.
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