Equities analysts predict that Sunoco LP (NYSE:SUN) will announce earnings per share of $0.59 for the current quarter, according to Zacks. Four analysts have issued estimates for Sunoco’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.78. Sunoco reported earnings of $1.02 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 42.2%. The firm is expected to report its next earnings results on Tuesday, November 6th.

On average, analysts expect that Sunoco will report full-year earnings of ($0.36) per share for the current fiscal year, with EPS estimates ranging from ($1.48) to $0.77. For the next fiscal year, analysts expect that the firm will report earnings of $2.33 per share, with EPS estimates ranging from $0.89 to $3.10. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Sunoco.

Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Sunoco had a net margin of 0.86% and a return on equity of 33.25%. The company’s revenue was up 59.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.59) EPS.

Several research analysts have recently weighed in on SUN shares. Zacks Investment Research raised shares of Sunoco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Wells Fargo & Co lowered their price target on shares of Sunoco from $30.00 to $29.00 and set a “market perform” rating on the stock in a research report on Thursday, September 13th. Raymond James reissued a “buy” rating on shares of Sunoco in a research report on Monday, August 13th. ValuEngine cut shares of Sunoco from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Finally, Jefferies Financial Group raised shares of Sunoco from an “underperform” rating to a “hold” rating and set a $30.00 price target on the stock in a research report on Wednesday, July 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.87.

Shares of SUN stock opened at $28.05 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.67 and a current ratio of 1.07. The stock has a market cap of $2.76 billion, a PE ratio of 12.25 and a beta of 0.79. Sunoco has a twelve month low of $24.46 and a twelve month high of $33.11.

Hedge funds and other institutional investors have recently bought and sold shares of the business. OppenheimerFunds Inc. lifted its position in Sunoco by 1.4% in the second quarter. OppenheimerFunds Inc. now owns 13,585,922 shares of the oil and gas company’s stock valued at $339,105,000 after buying an additional 186,248 shares during the last quarter. Royal Bank of Canada lifted its position in Sunoco by 120.6% in the first quarter. Royal Bank of Canada now owns 80,889 shares of the oil and gas company’s stock valued at $2,063,000 after buying an additional 44,221 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Sunoco in the second quarter valued at about $877,000. Western Standard LLC acquired a new position in Sunoco in the second quarter valued at about $749,000. Finally, LPL Financial LLC increased its stake in Sunoco by 21.8% during the first quarter. LPL Financial LLC now owns 21,616 shares of the oil and gas company’s stock worth $551,000 after purchasing an additional 3,876 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.

Read More: Discover Your Risk Tolerance

Get a free copy of the Zacks research report on Sunoco (SUN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Sunoco (NYSE:SUN)

Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with MarketBeat.com's FREE daily email newsletter.