Sunoco (SUN) to Release Earnings on Wednesday

Sunoco (NYSE:SUN) is set to issue its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect Sunoco to post earnings of $1.56 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Sunoco (NYSE:SUN) last issued its earnings results on Wednesday, August 7th. The oil and gas company reported $3.85 EPS for the quarter, topping the consensus estimate of $1.23 by $2.62. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Sunoco had a return on equity of 41.76% and a net margin of 3.80%. Sunoco’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.78 earnings per share. On average, analysts expect Sunoco to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Sunoco Trading Down 0.3 %

Shares of Sunoco stock opened at $51.66 on Wednesday. Sunoco has a 52-week low of $49.00 and a 52-week high of $64.89. The firm has a market capitalization of $7.87 billion, a PE ratio of 6.83 and a beta of 1.30. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.26 and a quick ratio of 0.72. The company’s fifty day moving average price is $53.08 and its two-hundred day moving average price is $53.89.

Sunoco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Friday, November 8th will be paid a $0.8756 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.50 dividend on an annualized basis and a yield of 6.78%. Sunoco’s payout ratio is currently 46.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SUN. Royal Bank of Canada raised their price target on shares of Sunoco from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Sunoco from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. StockNews.com lowered Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Barclays reduced their target price on shares of Sunoco from $61.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.25.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.