Sunoco (NYSE:SUN) will issue its quarterly earnings data after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.65 per share for the quarter.
Sunoco (NYSE:SUN) last posted its earnings results on Wednesday, August 8th. The oil and gas company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Sunoco had a return on equity of 33.25% and a net margin of 0.86%. The firm’s quarterly revenue was up 59.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.59) earnings per share. On average, analysts expect Sunoco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
SUN stock opened at $27.55 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.07 and a debt-to-equity ratio of 2.84. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 12.03 and a beta of 0.84. Sunoco has a 52-week low of $24.46 and a 52-week high of $33.11.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Tuesday, November 6th will be paid a dividend of $0.8255 per share. The ex-dividend date of this dividend is Monday, November 5th. This represents a $3.30 annualized dividend and a yield of 11.99%. Sunoco’s dividend payout ratio (DPR) is 144.10%.
Several research firms have issued reports on SUN. Raymond James reissued a “buy” rating on shares of Sunoco in a research note on Monday, August 13th. Jefferies Financial Group raised Sunoco from an “underperform” rating to a “hold” rating and set a $30.00 target price for the company in a research note on Wednesday, July 18th. Zacks Investment Research cut Sunoco from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. ValuEngine cut Sunoco from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. Finally, Wells Fargo & Co cut their target price on Sunoco from $30.00 to $29.00 and set a “market perform” rating for the company in a research note on Thursday, September 13th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $31.17.
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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