Analysts expect that Sunoco LP (NYSE:SUN) will post $0.52 earnings per share for the current fiscal quarter, according to Zacks. 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 would suggest a positive year-over-year growth rate of 420%. The firm is scheduled to report 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 financial year, analysts expect that the company will post earnings of $2.26 per share, with EPS estimates ranging from $1.52 to $3.37. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sunoco.

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

Several equities analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $29.00 price target on shares of Sunoco in a research report on Tuesday, January 29th. UBS Group raised Sunoco from a “neutral” rating to a “buy” rating in a research note on Friday, February 22nd. ValuEngine raised Sunoco from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. TheStreet lowered Sunoco from a “b” rating to a “c+” rating in a research note on Monday, March 25th. Finally, Zacks Investment Research lowered Sunoco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.56.

In other Sunoco news, EVP Christopher Curia acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of $26.69 per share, with a total value of $266,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 11,400 shares of company stock valued at $306,227 in the last three months.

A number of large investors have recently bought and sold shares of SUN. Mutual Advisors LLC lifted its stake in Sunoco by 2.8% during the fourth quarter. Mutual Advisors LLC now owns 21,148 shares of the oil and gas company’s stock worth $575,000 after purchasing an additional 575 shares during the last quarter. Resources Investment Advisors Inc. bought a new stake in Sunoco during the fourth quarter worth about $41,000. Creative Planning lifted its stake in Sunoco by 9.2% during the fourth quarter. Creative Planning now owns 24,600 shares of the oil and gas company’s stock worth $669,000 after purchasing an additional 2,067 shares during the last quarter. LPL Financial LLC lifted its stake in Sunoco by 12.7% during the third quarter. LPL Financial LLC now owns 24,741 shares of the oil and gas company’s stock worth $731,000 after purchasing an additional 2,783 shares during the last quarter. Finally, Wellington Shields Capital Management LLC lifted its stake in Sunoco by 11.1% during the fourth quarter. Wellington Shields Capital Management LLC now owns 30,100 shares of the oil and gas company’s stock worth $818,000 after purchasing an additional 3,000 shares during the last quarter. 29.41% of the stock is owned by institutional investors.

Shares of NYSE SUN opened at $31.40 on Monday. The firm has a market capitalization of $3.14 billion, a PE ratio of 12.17 and a beta of 0.87. Sunoco has a fifty-two week low of $23.80 and a fifty-two week high of $31.88. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.05 and a quick ratio of 0.61.

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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