Brokerages predict that Sunoco LP (NYSE:SUN) will post $0.64 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Sunoco’s earnings. The highest EPS estimate is $0.85 and the lowest is $0.43. Sunoco reported earnings of $0.06 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 966.7%. The business is expected to report its next earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that Sunoco will report full-year earnings of $2.68 per share for the current financial year, with EPS estimates ranging from $2.25 to $3.02. For the next fiscal year, analysts anticipate that the business will report earnings of $2.59 per share, with EPS estimates ranging from $1.45 to $3.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sunoco.
Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, May 9th. The oil and gas company reported ($3.74) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($4.31). The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3 billion. Sunoco had a negative net margin of 1.32% and a positive return on equity of 21.37%. Sunoco’s revenue was up 33.5% on a year-over-year basis. During the same period last year, the business earned ($0.22) EPS.
SUN has been the subject of a number of research analyst reports. Jefferies Group downgraded shares of Sunoco from a “hold” rating to an “underperform” rating in a research report on Friday, April 27th. Janney Montgomery Scott initiated coverage on shares of Sunoco in a research report on Friday, January 19th. They issued a “neutral” rating and a $33.00 target price for the company. Mitsubishi UFJ Financial Group raised shares of Sunoco from an “underweight” rating to a “neutral” rating in a research report on Wednesday, February 28th. TheStreet raised shares of Sunoco from a “c-” rating to a “b-” rating in a research report on Thursday, February 22nd. Finally, Zacks Investment Research downgraded shares of Sunoco from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $31.45.
Shares of SUN traded down $0.37 on Friday, hitting $26.50. 9,860 shares of the stock traded hands, compared to its average volume of 447,296. The company has a market capitalization of $2.67 billion, a P/E ratio of 11.57 and a beta of 0.63. The company has a quick ratio of 0.58, a current ratio of 0.90 and a debt-to-equity ratio of 2.45. Sunoco has a one year low of $26.97 and a one year high of $27.16.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, May 7th were paid a dividend of $0.8255 per share. This represents a $3.30 annualized dividend and a dividend yield of 12.46%. The ex-dividend date was Friday, May 4th. Sunoco’s dividend payout ratio is presently 144.10%.
Institutional investors have recently modified their holdings of the company. Optimum Investment Advisors purchased a new position in shares of Sunoco during the 1st quarter worth $102,000. BNP Paribas Arbitrage SA purchased a new position in shares of Sunoco during the 1st quarter worth $120,000. Tower Research Capital LLC TRC purchased a new position in shares of Sunoco during the 4th quarter worth $271,000. Yorktown Management & Research Co Inc purchased a new position in shares of Sunoco during the 4th quarter worth $273,000. Finally, Lee Financial Co boosted its stake in shares of Sunoco by 1,692.3% during the 1st quarter. Lee Financial Co now owns 11,650 shares of the oil and gas company’s stock worth $297,000 after acquiring an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 29.69% of the company’s stock.
Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.
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