Sunoco LP (SUN) Expected to Post Earnings of $0.59 Per Share

Equities analysts expect Sunoco LP (NYSE:SUN) to announce $0.59 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sunoco’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.70. The business is scheduled to announce its next earnings results on Wednesday, February 20th.

On average, analysts expect that Sunoco will report full-year earnings of $1.47 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $2.29 per share, with EPS estimates ranging from $1.28 to $2.87. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Sunoco.

Sunoco (NYSE:SUN) last released its earnings results on Wednesday, November 7th. The oil and gas company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.50. Sunoco had a return on equity of 38.90% and a net margin of 0.60%. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the previous year, the company posted $1.08 EPS. Sunoco’s revenue for the quarter was up 55.4% on a year-over-year basis.

A number of equities research analysts have recently weighed in on SUN shares. Zacks Investment Research lowered Sunoco from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Wells Fargo & Co lowered 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. JPMorgan Chase & Co. lowered Sunoco from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $32.00 in a research note on Friday, October 12th. Raymond James reissued a “buy” rating on shares of Sunoco in a research note on Monday, August 13th. Finally, ValuEngine raised Sunoco from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Sunoco has an average rating of “Hold” and an average price target of $30.55.

A number of large investors have recently made changes to their positions in SUN. HighPoint Advisor Group LLC purchased a new position in Sunoco during the 3rd quarter valued at about $184,000. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Sunoco during the 3rd quarter worth approximately $207,000. Claraphi Advisory Network LLC purchased a new position in shares of Sunoco during the 3rd quarter worth approximately $220,000. First Republic Investment Management Inc. purchased a new position in shares of Sunoco during the 2nd quarter worth approximately $271,000. Finally, Tortoise Index Solutions LLC grew its holdings in shares of Sunoco by 39.7% during the 3rd quarter. Tortoise Index Solutions LLC now owns 9,717 shares of the oil and gas company’s stock worth $287,000 after acquiring an additional 2,759 shares during the period. Institutional investors own 29.14% of the company’s stock.

NYSE SUN opened at $27.50 on Friday. Sunoco has a 1-year low of $24.46 and a 1-year high of $33.11. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.23 and a quick ratio of 0.79. The stock has a market capitalization of $2.70 billion, a PE ratio of 12.01 and a beta of 0.81.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Tuesday, November 6th were issued a dividend of $0.8255 per share. The ex-dividend date of this dividend was Monday, November 5th. This represents a $3.30 dividend on an annualized basis and a yield of 12.01%. Sunoco’s dividend payout ratio is presently 144.10%.

Sunoco Company Profile

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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