Brokerages Anticipate Sunoco LP (NYSE:SUN) Will Post Earnings of $1.15 Per Share

Equities analysts expect that Sunoco LP (NYSE:SUN) will post $1.15 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Sunoco’s earnings. The lowest EPS estimate is $0.93 and the highest is $1.40. Sunoco posted earnings per share of $0.96 during the same quarter last year, which suggests a positive year over year growth rate of 19.8%. The business is expected to report its next quarterly earnings report on Wednesday, November 3rd.

On average, analysts expect that Sunoco will report full-year earnings of $5.89 per share for the current financial year, with EPS estimates ranging from $5.68 to $6.10. For the next year, analysts forecast that the company will report earnings of $4.14 per share, with EPS estimates ranging from $2.84 to $4.80. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Sunoco.

Sunoco (NYSE:SUN) last released its earnings results on Tuesday, August 3rd. The oil and gas company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.70. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.03 billion. Sunoco had a return on equity of 73.32% and a net margin of 3.80%. The business’s revenue for the quarter was up 111.2% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share.

A number of equities research analysts have recently issued reports on SUN shares. Credit Suisse Group upped their target price on shares of Sunoco from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, August 10th. Barclays raised their price target on Sunoco from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, May 18th. Raymond James raised their price target on shares of Sunoco from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 4th. Finally, UBS Group lowered shares of Sunoco from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $36.00 to $39.00 in a research note on Monday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sunoco presently has a consensus rating of “Hold” and an average target price of $35.88.

NYSE:SUN traded up $0.23 during midday trading on Wednesday, hitting $37.16. The company’s stock had a trading volume of 4,391 shares, compared to its average volume of 389,964. The firm’s 50 day moving average is $37.07 and its 200-day moving average is $35.48. The firm has a market cap of $3.71 billion, a P/E ratio of 7.33 and a beta of 1.81. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.39 and a quick ratio of 0.82. Sunoco has a fifty-two week low of $23.50 and a fifty-two week high of $39.00.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 19th. Shareholders of record on Friday, August 6th were paid a $0.8255 dividend. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $3.30 annualized dividend and a yield of 8.89%. Sunoco’s dividend payout ratio (DPR) is 434.21%.

Several large investors have recently bought and sold shares of SUN. Stonebridge Capital Advisors LLC purchased a new stake in Sunoco in the first quarter valued at approximately $33,000. Quadrant Capital Group LLC bought a new stake in shares of Sunoco in the first quarter worth about $36,000. Thompson Siegel & Walmsley LLC bought a new position in Sunoco in the 2nd quarter worth $117,000. Centaurus Financial Inc. bought a new position in Sunoco in the second quarter worth $125,000. Finally, Brookstone Capital Management bought a new stake in Sunoco during the second quarter worth about $202,000. Hedge funds and other institutional investors own 18.63% of the company’s stock.

Sunoco Company Profile

Sunoco LP engages in the management and distribution of fuel products. It operates through the Fuel Distribution, Marketing and Other segments. The motor Fuel Distribution segment supplies fuels and other petroleum products third-party dealers and distributors, independent operators of commission agent, other commercial consumers of motor fuel and to retail locations.

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Earnings History and Estimates for Sunoco (NYSE:SUN)

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