Sunoco Logistics Partners L.P. (SXL) Scheduled to Post Quarterly Earnings on Wednesday
Sunoco Logistics Partners L.P. (NYSE:SXL) will be announcing its Q1 earnings results on Wednesday, May 7th. Investors interested in participating in the company’s conference call can do so using this link.
Sunoco Logistics Partners L.P. (NYSE:SXL) last announced its earnings results on Wednesday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.04. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $3.86 billion. On average, analysts expect Sunoco Logistics Partners L.P. to post $2.89 EPS for the current fiscal year and $3.22 EPS for the next fiscal year.
Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) opened at 94.42 on Tuesday. Sunoco Logistics Partners L.P. has a one year low of $57.75 and a one year high of $94.42. The stock’s 50-day moving average is $88.55 and its 200-day moving average is $77.81. The company has a market cap of $9.817 billion and a P/E ratio of 28.48.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Friday, May 9th will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, May 7th. This is an increase from Sunoco Logistics Partners L.P.’s previous quarterly dividend of $0.66.
A number of research firms have recently commented on SXL. Analysts at Zacks upgraded shares of Sunoco Logistics Partners L.P. from an “underperform” rating to a “neutral” rating in a research note on Friday, April 11th. They now have a $91.00 price target on the stock. On a related note, analysts at Citigroup Inc. raised their price target on shares of Sunoco Logistics Partners L.P. from $73.00 to $90.00 in a research note on Friday, March 28th. Finally, analysts at Barclays raised their price target on shares of Sunoco Logistics Partners L.P. from $71.00 to $84.00 in a research note on Friday, February 21st. They now have an “equal weight” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, Sunoco Logistics Partners L.P. currently has an average rating of “Hold” and an average target price of $79.43.
Sunoco Logistics Partners L.P. owns and operates a logistics business, consisting of a portfolio of complementary pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined products.
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