Zacks: Analysts Anticipate Sunoco LP (NYSE:SUN) to Announce $0.83 Earnings Per Share

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Equities research analysts forecast that Sunoco LP (NYSE:SUN) will announce $0.83 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Sunoco’s earnings. The lowest EPS estimate is $0.55 and the highest is $1.21. Sunoco reported earnings of $0.75 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 10.7%. The company is expected to report its next quarterly earnings report on Wednesday, February 17th.

According to Zacks, analysts expect that Sunoco will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.74. For the next year, analysts expect that the firm will report earnings of $3.53 per share, with EPS estimates ranging from $3.00 to $4.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Sunoco.

Sunoco (NYSE:SUN) last issued its quarterly earnings data on Wednesday, November 4th. The oil and gas company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.18. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.19 billion. Sunoco had a return on equity of 15.93% and a net margin of 1.29%. The business’s quarterly revenue was down 35.2% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Sunoco from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 12th. Credit Suisse Group lifted their price objective on Sunoco from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Zacks Investment Research upgraded Sunoco from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, October 21st. Finally, UBS Group lifted their price target on Sunoco from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Sunoco has a consensus rating of “Buy” and a consensus price target of $28.88.

In other Sunoco news, Director Imad K. Anbouba sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $26.94, for a total value of $80,820.00. Following the sale, the director now directly owns 12,432 shares of the company’s stock, valued at $334,918.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge funds have recently bought and sold shares of the company. LifePlan Financial Group Inc raised its stake in shares of Sunoco by 54.5% in the second quarter. LifePlan Financial Group Inc now owns 1,236 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 436 shares during the last quarter. Tortoise Capital Advisors L.L.C. purchased a new position in shares of Sunoco in the third quarter worth $34,000. HighTower Advisors LLC purchased a new position in shares of Sunoco in the second quarter worth $203,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Sunoco in the second quarter worth $211,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Sunoco in the second quarter worth $215,000. Hedge funds and other institutional investors own 25.12% of the company’s stock.

Shares of SUN stock traded down $0.14 during trading hours on Tuesday, reaching $28.81. The company’s stock had a trading volume of 260,148 shares, compared to its average volume of 564,318. The stock has a market capitalization of $2.87 billion, a P/E ratio of 24.42 and a beta of 1.84. Sunoco has a one year low of $10.46 and a one year high of $32.89. The firm’s fifty day simple moving average is $25.56 and its 200 day simple moving average is $25.22. The company has a current ratio of 1.07, a quick ratio of 0.60 and a debt-to-equity ratio of 4.94.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 19th. Shareholders of record on Friday, November 6th were issued a $0.8255 dividend. This represents a $3.30 annualized dividend and a yield of 11.46%. The ex-dividend date was Thursday, November 5th. Sunoco’s dividend payout ratio (DPR) is 145.37%.

About Sunoco

Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of 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 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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