Sunoco (SUN) to Release Quarterly Earnings on Wednesday

Sunoco (NYSE:SUN) is set to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Sunoco (NYSE:SUN) last posted its earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($2.46). The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Sunoco had a return on equity of 37.91% and a net margin of 1.71%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, analysts expect Sunoco to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Sunoco Stock Up 1.1 %

SUN opened at $55.91 on Monday. The business’s fifty day moving average is $58.88 and its two-hundred day moving average is $57.44. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.76 and a current ratio of 1.40. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 15.36 and a beta of 1.29. Sunoco has a one year low of $41.95 and a one year high of $64.89.

Sunoco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be given a dividend of $0.876 per share. This represents a $3.50 dividend on an annualized basis and a yield of 6.27%. This is an increase from Sunoco’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, May 10th. Sunoco’s payout ratio is presently 92.58%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com cut shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Citigroup downgraded Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Tuesday, February 27th. Mizuho raised their price target on Sunoco from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Sunoco from $53.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, Barclays increased their price objective on shares of Sunoco from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.71.

Insider Buying and Selling

In other news, Director David K. Skidmore acquired 1,500 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were purchased at an average price of $52.10 per share, for a total transaction of $78,150.00. Following the completion of the purchase, the director now directly owns 14,608 shares of the company’s stock, valued at approximately $761,076.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.