Sunoco Logistics Partners LP (ETP) Expected to Announce Earnings of $0.20 Per Share
Wall Street brokerages expect Sunoco Logistics Partners LP (NYSE:ETP) to announce $0.20 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Sunoco Logistics Partners’ earnings, with estimates ranging from $0.09 to $0.32. Sunoco Logistics Partners posted earnings per share of $0.16 during the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The company is expected to report its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Sunoco Logistics Partners will report full year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.60. For the next financial year, analysts expect that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.48 to $1.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Sunoco Logistics Partners.
Sunoco Logistics Partners (NYSE:ETP) last posted its quarterly earnings data on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.21). Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the company posted $0.10 earnings per share. The firm’s revenue was up 24.3% compared to the same quarter last year.
A number of research analysts recently weighed in on the company. BMO Capital Markets set a $26.00 target price on Sunoco Logistics Partners and gave the stock a “hold” rating in a report on Monday, June 5th. BidaskClub raised Sunoco Logistics Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and set a $26.00 target price on shares of Sunoco Logistics Partners in a report on Friday, July 14th. Finally, Stifel Nicolaus decreased their target price on Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.74.
In related news, Director David K. Skidmore bought 2,000 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of $19.49 per share, for a total transaction of $38,980.00. Following the transaction, the director now owns 45,245 shares in the company, valued at approximately $881,825.05. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kelcy L. Warren bought 1,000,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $18.65 per share, with a total value of $18,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,031,646 shares in the company, valued at approximately $37,890,197.90. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,002,000 shares of company stock valued at $39,018,980. Corporate insiders own 0.17% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ETP. V Wealth Management LLC bought a new stake in shares of Sunoco Logistics Partners during the 2nd quarter valued at $106,000. Duncker Streett & Co. Inc. lifted its position in shares of Sunoco Logistics Partners by 17.9% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after acquiring an additional 785 shares during the period. Ffcm LLC lifted its position in shares of Sunoco Logistics Partners by 433.9% during the 2nd quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock valued at $115,000 after acquiring an additional 4,491 shares during the period. Fiduciary Trust Co. bought a new stake in shares of Sunoco Logistics Partners during the 2nd quarter valued at $119,000. Finally, Oakworth Capital Inc. lifted its position in shares of Sunoco Logistics Partners by 121.2% during the 2nd quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock valued at $120,000 after acquiring an additional 3,219 shares during the period. Hedge funds and other institutional investors own 58.45% of the company’s stock.
Sunoco Logistics Partners (ETP) traded up 1.04% during midday trading on Friday, hitting $18.49. The stock had a trading volume of 15,161,032 shares. Sunoco Logistics Partners has a 1-year low of $17.85 and a 1-year high of $29.76. The firm’s market capitalization is $20.33 billion. The firm has a 50-day moving average price of $19.06 and a 200-day moving average price of $21.47.
Sunoco Logistics Partners Company Profile
Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.
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