Brokerages expect that Sunoco LP (NYSE:SUN) will report earnings per share of $0.52 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sunoco’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.43. Sunoco reported earnings per share of $0.10 during the same quarter last year, which suggests a positive year-over-year growth rate of 420%. The company is expected to announce its next quarterly earnings results on Wednesday, May 8th.

On average, analysts expect that Sunoco will report full-year earnings of $2.48 per share for the current fiscal year, with EPS estimates ranging from $2.07 to $3.34. For the next fiscal year, analysts anticipate that the business will post earnings of $2.26 per share, with EPS estimates ranging from $1.52 to $3.37. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Sunoco.

Sunoco (NYSE:SUN) last issued its earnings results on Wednesday, February 20th. The oil and gas company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.13). The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $4.43 billion. Sunoco had a positive return on equity of 33.77% and a negative net margin of 1.22%. The company’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.01 EPS.

Several brokerages recently weighed in on SUN. Jefferies Financial Group reaffirmed a “hold” rating and issued a $29.00 target price on shares of Sunoco in a report on Tuesday, January 29th. UBS Group raised shares of Sunoco from a “neutral” rating to a “buy” rating in a report on Friday, February 22nd. ValuEngine raised shares of Sunoco from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research downgraded shares of Sunoco from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, Goldman Sachs Group raised shares of Sunoco from a “sell” rating to a “neutral” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Sunoco currently has an average rating of “Hold” and a consensus price target of $30.10.

In related news, EVP Christopher Curia acquired 10,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of $26.69 per share, with a total value of $266,900.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 11,400 shares of company stock valued at $306,227 in the last three months.

Large investors have recently made changes to their positions in the stock. Resources Investment Advisors Inc. bought a new position in shares of Sunoco in the 4th quarter valued at about $41,000. Security National Bank of Sioux City Iowa IA bought a new position in shares of Sunoco in the 3rd quarter valued at about $207,000. Geode Capital Management LLC bought a new position in shares of Sunoco in the 4th quarter valued at about $207,000. Claraphi Advisory Network LLC bought a new position in shares of Sunoco in the 3rd quarter valued at about $220,000. Finally, Lake Point Wealth Management bought a new position in shares of Sunoco in the 4th quarter valued at about $228,000. 29.48% of the stock is owned by hedge funds and other institutional investors.

Sunoco stock traded up $0.21 during mid-day trading on Friday, hitting $30.22. The stock had a trading volume of 320,841 shares, compared to its average volume of 393,989. The company has a market capitalization of $3.00 billion, a P/E ratio of 11.71 and a beta of 0.87. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.61 and a current ratio of 1.05. Sunoco has a one year low of $23.80 and a one year high of $31.33.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Wednesday, February 6th were issued a dividend of $0.8255 per share. This represents a $3.30 annualized dividend and a dividend yield of 10.93%. The ex-dividend date of this dividend was Tuesday, February 5th. Sunoco’s dividend payout ratio (DPR) is presently 127.91%.

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.

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Earnings History and Estimates for Sunoco (NYSE:SUN)

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