Brokerages predict that Sunoco LP (NYSE:SUN) will report sales of $4.69 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Sunoco’s earnings. The lowest sales estimate is $4.48 billion and the highest is $5.24 billion. The business is scheduled to announce its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Sunoco will report full-year sales of $17.80 billion for the current financial year, with estimates ranging from $17.57 billion to $18.35 billion. For the next fiscal year, analysts forecast that the firm will report sales of $18.45 billion, with estimates ranging from $17.32 billion to $19.16 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Sunoco.

Sunoco (NYSE:SUN) last posted its quarterly earnings results on Wednesday, November 7th. The oil and gas company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.50. The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.59 billion. Sunoco had a net margin of 0.60% and a return on equity of 38.90%. The firm’s revenue for the quarter was up 55.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share.

Several brokerages have recently commented on SUN. Zacks Investment Research downgraded shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Credit Suisse Group began coverage on shares of Sunoco in a research note on Thursday, October 11th. They set a “neutral” rating and a $31.00 price objective for the company. ValuEngine raised shares of Sunoco from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. JPMorgan Chase & Co. downgraded shares of Sunoco from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $33.00 to $32.00 in a research note on Friday, October 12th. Finally, TheStreet raised shares of Sunoco from a “c+” rating to a “b-” rating in a research note on Monday, September 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Sunoco presently has an average rating of “Hold” and an average price target of $30.55.

Sunoco stock traded down $0.53 during mid-day trading on Friday, hitting $26.97. The company’s stock had a trading volume of 18,879 shares, compared to its average volume of 464,630. The company has a market capitalization of $2.72 billion, a PE ratio of 11.79 and a beta of 0.84. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 2.94. Sunoco has a 12 month low of $24.46 and a 12 month high of $33.11.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Tuesday, November 6th were given a dividend of $0.8255 per share. This represents a $3.30 annualized dividend and a dividend yield of 12.24%. The ex-dividend date of this dividend was Monday, November 5th. Sunoco’s dividend payout ratio is currently 144.10%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. OppenheimerFunds Inc. grew its holdings in Sunoco by 5.2% in the third quarter. OppenheimerFunds Inc. now owns 14,295,800 shares of the oil and gas company’s stock worth $422,441,000 after purchasing an additional 709,878 shares during the period. JPMorgan Chase & Co. grew its holdings in Sunoco by 28.0% in the third 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. Duff & Phelps Investment Management Co. grew its holdings in Sunoco by 2.6% in the second quarter. Duff & Phelps Investment Management Co. now owns 798,000 shares of the oil and gas company’s stock worth $19,918,000 after purchasing an additional 20,000 shares during the period. BlackRock Inc. grew its holdings in Sunoco by 6,579.2% in the first quarter. BlackRock Inc. now owns 677,603 shares of the oil and gas company’s stock worth $17,285,000 after purchasing an additional 667,458 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Sunoco by 28.6% in the second quarter. Renaissance Technologies LLC now owns 421,700 shares of the oil and gas company’s stock worth $10,526,000 after purchasing an additional 93,875 shares during the period. Institutional investors and hedge funds own 29.15% of the company’s stock.

About Sunoco

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.

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Earnings History and Estimates for Sunoco (NYSE:SUN)

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