Sunoco (NYSE:SUN) Posts Quarterly Earnings Results, Misses Expectations By $1.23 EPS

Sunoco (NYSE:SUN) posted its quarterly earnings data on Tuesday. The oil and gas company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($1.23), Zacks reports. Sunoco had a return on equity of 22.52% and a net margin of 3.85%. During the same quarter last year, the business posted $2.26 earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis.

Sunoco Stock Down 2.7 %

SUN stock traded down $1.46 during trading hours on Tuesday, hitting $53.11. The company’s stock had a trading volume of 293,086 shares, compared to its average volume of 491,347. The stock has a 50 day moving average price of $56.90 and a two-hundred day moving average price of $55.04. Sunoco has a 12 month low of $48.00 and a 12 month high of $59.88. The company has a market capitalization of $8.11 billion, a PE ratio of 8.05 and a beta of 0.67. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84.

Sunoco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th will be paid a $0.8976 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Sunoco’s previous quarterly dividend of $0.89. This represents a $3.59 dividend on an annualized basis and a yield of 6.76%. Sunoco’s payout ratio is 54.39%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Mizuho upped their price target on Sunoco from $66.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. increased their price target on shares of Sunoco from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Finally, Barclays cut their target price on shares of Sunoco from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Sunoco presently has a consensus rating of “Moderate Buy” and an average target price of $64.33.

About Sunoco

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.