Equities analysts expect Sunoco LP (NYSE:SUN) to report sales of $4.23 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Sunoco’s earnings, with estimates ranging from $3.91 billion to $4.51 billion. Sunoco posted sales of $4.61 billion during the same quarter last year, which suggests a negative year over year growth rate of 8.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 14th.
On average, analysts expect that Sunoco will report full year sales of $16.04 billion for the current year, with estimates ranging from $14.68 billion to $17.34 billion. For the next year, analysts expect that the company will post sales of $16.82 billion, with estimates ranging from $15.36 billion to $18.47 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Sunoco.
Sunoco (NYSE:SUN) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Sunoco had a net margin of 1.28% and a return on equity of 38.68%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the firm earned ($3.74) EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis.
Several research analysts recently weighed in on the stock. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of Sunoco in a research report on Thursday, May 9th. TheStreet downgraded shares of Sunoco from a “b” rating to a “c+” rating in a research report on Monday, March 25th. Zacks Investment Research downgraded shares of Sunoco from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group restated a “hold” rating and set a $29.00 price target on shares of Sunoco in a research report on Tuesday, January 29th. Finally, ValuEngine upgraded shares of Sunoco from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Sunoco currently has an average rating of “Hold” and an average target price of $30.33.
Shares of SUN traded down $0.10 during mid-day trading on Friday, hitting $30.09. 95,908 shares of the company were exchanged, compared to its average volume of 321,074. Sunoco has a 1-year low of $23.80 and a 1-year high of $31.88. The company has a quick ratio of 0.81, a current ratio of 1.32 and a debt-to-equity ratio of 4.40. The company has a market cap of $2.98 billion, a PE ratio of 11.66 and a beta of 0.85.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were given a dividend of $0.8255 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 10.97%. Sunoco’s payout ratio is currently 127.91%.
Several large investors have recently bought and sold shares of SUN. OppenheimerFunds Inc. boosted its position in shares of Sunoco by 3.1% during the 1st quarter. OppenheimerFunds Inc. now owns 15,627,067 shares of the oil and gas company’s stock worth $486,940,000 after purchasing an additional 463,585 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Sunoco by 28.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,603 shares of the oil and gas company’s stock worth $50,637,000 after purchasing an additional 375,235 shares during the period. Intrinsic Edge Capital Management LLC lifted its holdings in Sunoco by 216.8% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 475,178 shares of the oil and gas company’s stock worth $12,920,000 after buying an additional 325,178 shares in the last quarter. Bank of Montreal Can lifted its holdings in Sunoco by 158.9% during the 1st quarter. Bank of Montreal Can now owns 433,596 shares of the oil and gas company’s stock worth $13,511,000 after buying an additional 266,134 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Sunoco by 53.2% during the 4th quarter. BlackRock Inc. now owns 575,604 shares of the oil and gas company’s stock worth $15,651,000 after buying an additional 200,000 shares in the last quarter. 29.74% of the stock is owned by hedge funds and other institutional investors.
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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