Analysts expect Sunoco LP (NYSE:SUN) to announce $4.20 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Sunoco’s earnings. The highest sales estimate is $4.50 billion and the lowest is $4.02 billion. Sunoco posted sales of $2.40 billion during the same quarter last year, which suggests a positive year over year growth rate of 75%. The company is scheduled to issue its next earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that Sunoco will report full-year sales of $15.84 billion for the current year, with estimates ranging from $14.66 billion to $16.83 billion. For the next year, analysts expect that the business will post sales of $15.91 billion per share, with estimates ranging from $13.74 billion to $17.56 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Sunoco.
Sunoco (NYSE:SUN) last posted its earnings results on Wednesday, May 9th. The oil and gas company reported ($3.74) earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($4.31). Sunoco had a positive return on equity of 21.37% and a negative net margin of 1.32%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the firm earned ($0.22) earnings per share. The business’s quarterly revenue was up 33.5% on a year-over-year basis.
Several equities analysts recently commented on SUN shares. Goldman Sachs Group downgraded shares of Sunoco from a “neutral” rating to a “sell” rating and cut their price target for the company from $33.00 to $28.00 in a report on Wednesday, March 14th. Citigroup cut their price target on shares of Sunoco from $31.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, March 27th. UBS Group reiterated a “neutral” rating and set a $29.00 price target (down from $30.00) on shares of Sunoco in a report on Friday, March 2nd. Mitsubishi UFJ Financial Group upgraded shares of Sunoco from an “underweight” rating to a “neutral” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research downgraded shares of Sunoco from a “hold” rating to a “sell” rating in a report on Wednesday, March 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.37.
Shares of Sunoco opened at $25.18 on Friday, MarketBeat Ratings reports. The stock has a market cap of $2.50 billion, a P/E ratio of 11.00 and a beta of 0.64. Sunoco has a 12 month low of $24.76 and a 12 month high of $33.11. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.58 and a current ratio of 0.90.
A number of hedge funds have recently modified their holdings of SUN. BlackRock Inc. grew its stake in Sunoco by 6,579.2% in the 1st quarter. BlackRock Inc. now owns 677,603 shares of the oil and gas company’s stock worth $17,285,000 after acquiring an additional 667,458 shares in the last quarter. Deutsche Bank AG grew its stake in Sunoco by 168.9% in the 4th quarter. Deutsche Bank AG now owns 913,280 shares of the oil and gas company’s stock worth $25,937,000 after acquiring an additional 573,698 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Sunoco by 28.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,253,931 shares of the oil and gas company’s stock worth $64,011,000 after acquiring an additional 495,187 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Sunoco in the 4th quarter worth about $11,161,000. Finally, Renaissance Technologies LLC bought a new position in Sunoco in the 4th quarter worth about $8,553,000. Institutional investors and hedge funds own 29.72% 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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