Sunoco (SUN) to Release Quarterly Earnings on Wednesday

Sunoco (NYSE:SUN) will be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Sunoco to post earnings of $1.03 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($2.46). Sunoco had a return on equity of 37.91% and a net margin of 1.71%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the company posted $0.42 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, analysts expect Sunoco to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Sunoco Stock Performance

Shares of Sunoco stock opened at $55.91 on Monday. The company has a market cap of $5.64 billion, a PE ratio of 15.36 and a beta of 1.29. The company has a current ratio of 1.40, a quick ratio of 0.76 and a debt-to-equity ratio of 3.66. The company has a 50 day moving average of $58.88 and a 200-day moving average of $57.44. Sunoco has a 1-year low of $41.95 and a 1-year high of $64.89.

Sunoco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a $0.876 dividend. This is an increase from Sunoco’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.50 annualized dividend and a yield of 6.27%. Sunoco’s dividend payout ratio is presently 92.58%.

Insider Transactions at Sunoco

In other Sunoco news, Director David K. Skidmore purchased 1,500 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were purchased at an average cost of $52.10 per share, for a total transaction of $78,150.00. Following the acquisition, the director now owns 14,608 shares of the company’s stock, valued at $761,076.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays increased their price objective on shares of Sunoco from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Wells Fargo & Company increased their price objective on shares of Sunoco from $60.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 20th. Mizuho increased their price objective on shares of Sunoco from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Sunoco from $53.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Finally, Stifel Nicolaus cut shares of Sunoco from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research report on Tuesday, February 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.71.

About Sunoco

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.