Wall Street brokerages predict that Sunoco LP (NYSE:SUN) will announce $0.64 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sunoco’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.57. Sunoco reported earnings of $0.90 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 28.9%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Sunoco will report full year earnings of $2.74 per share for the current financial year, with EPS estimates ranging from $1.93 to $3.34. For the next year, analysts anticipate that the firm will post earnings of $2.42 per share, with EPS estimates ranging from $1.32 to $3.37. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Sunoco.
Sunoco (NYSE:SUN) last announced its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Sunoco had a return on equity of 38.68% and a net margin of 1.28%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($3.74) EPS.
A number of research analysts recently issued reports on the company. UBS Group upgraded Sunoco from a “neutral” rating to a “buy” rating in a research note on Friday, February 22nd. TheStreet downgraded Sunoco from a “b” rating to a “c+” rating in a research note on Monday, March 25th. Zacks Investment Research downgraded Sunoco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Robert W. Baird downgraded Sunoco from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $34.00 to $30.00 in a research note on Thursday, March 7th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Sunoco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $30.13.
Shares of NYSE:SUN traded up $0.17 during mid-day trading on Friday, reaching $31.04. 4,093 shares of the company traded hands, compared to its average volume of 157,415. The company has a market cap of $3.07 billion, a PE ratio of 11.98 and a beta of 0.77. The company has a current ratio of 1.32, a quick ratio of 0.81 and a debt-to-equity ratio of 4.40. Sunoco has a 52 week low of $23.80 and a 52 week high of $31.88.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were paid a $0.8255 dividend. The ex-dividend date was Monday, May 6th. This represents a $3.30 annualized dividend and a yield of 10.64%. Sunoco’s payout ratio is 127.91%.
A number of hedge funds have recently bought and sold shares of the business. CENTRAL TRUST Co increased its position in shares of Sunoco by 81.8% in the first quarter. CENTRAL TRUST Co now owns 1,000 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 450 shares in the last quarter. Resources Investment Advisors Inc. acquired a new position in Sunoco during the fourth quarter worth $41,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Sunoco by 37.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,916 shares of the oil and gas company’s stock worth $60,000 after buying an additional 526 shares during the last quarter. Geode Capital Management LLC acquired a new position in Sunoco during the fourth quarter worth $207,000. Finally, Penserra Capital Management LLC acquired a new position in Sunoco during the first quarter worth $209,000. Institutional investors and hedge funds own 28.87% of the company’s stock.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.
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