Analysts expect Sunoco LP (NYSE:SUN) to post $4.42 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sunoco’s earnings. The lowest sales estimate is $3.94 billion and the highest is $4.88 billion. Sunoco posted sales of $4.76 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 7.1%. The business is expected to announce its next earnings report on Wednesday, November 6th.
On average, analysts expect that Sunoco will report full year sales of $16.13 billion for the current year, with estimates ranging from $14.68 billion to $17.66 billion. For the next fiscal year, analysts forecast that the company will post sales of $17.00 billion, with estimates ranging from $15.36 billion to $18.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Sunoco.
Sunoco (NYSE:SUN) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.31). Sunoco had a net margin of 1.21% and a return on equity of 35.57%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same period in the previous year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis.
SUN has been the subject of a number of research analyst reports. Stifel Nicolaus set a $34.00 target price on shares of Sunoco and gave the stock a “hold” rating in a research report on Monday, August 12th. Raymond James cut their target price on shares of Sunoco from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, ValuEngine lowered shares of Sunoco from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.80.
Sunoco stock traded up $0.07 on Tuesday, reaching $31.42. 145,733 shares of the stock were exchanged, compared to its average volume of 293,895. The stock has a market cap of $3.12 billion, a PE ratio of 12.18 and a beta of 0.77. The company has a current ratio of 1.24, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51. Sunoco has a twelve month low of $23.80 and a twelve month high of $34.09. The firm has a fifty day moving average price of $31.60 and a two-hundred day moving average price of $31.09.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.8255 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 10.51%. The ex-dividend date was Monday, August 5th. Sunoco’s dividend payout ratio is currently 127.91%.
Several institutional investors and hedge funds have recently made changes to their positions in SUN. Griffin Asset Management Inc. acquired a new position in shares of Sunoco during the second quarter valued at about $33,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Sunoco during the second quarter valued at about $41,000. Tower Research Capital LLC TRC acquired a new position in shares of Sunoco during the second quarter valued at about $44,000. Stonebridge Capital Advisors LLC bought a new stake in Sunoco in the second quarter valued at about $59,000. Finally, Janney Montgomery Scott LLC bought a new stake in Sunoco in the second quarter valued at about $203,000. 44.43% of the stock is owned by institutional investors and hedge funds.
Sunoco Company Profile
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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