Sunoco LP (SUN) Expected to Announce Quarterly Sales of $4.49 Billion
Wall Street analysts expect Sunoco LP (NYSE:SUN) to report $4.49 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Sunoco’s earnings. The lowest sales estimate is $4.10 billion and the highest is $5.19 billion. Sunoco reported sales of $4.05 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 10.9%. The firm is expected to report its next quarterly earnings results on Wednesday, August 2nd.
On average, analysts expect that Sunoco will report full-year sales of $4.49 billion for the current fiscal year, with estimates ranging from $14.24 billion to $19.42 billion. For the next fiscal year, analysts forecast that the company will report sales of $12.95 billion per share, with estimates ranging from $8.93 billion to $17.93 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Sunoco.
Several brokerages have recently issued reports on SUN. TheStreet raised shares of Sunoco from a “d+” rating to a “c-” rating in a report on Wednesday, April 26th. Vetr raised shares of Sunoco from a “hold” rating to a “buy” rating and set a $32.56 price target for the company in a report on Thursday, June 1st. Citigroup Inc. raised shares of Sunoco from a “sell” rating to a “neutral” rating and boosted their price target for the company from $22.00 to $29.00 in a report on Tuesday, April 25th. BidaskClub downgraded shares of Sunoco from a “hold” rating to a “sell” rating in a report on Friday. Finally, FBR & Co boosted their price target on shares of Sunoco from $28.00 to $29.00 and gave the company a “mkt perform” rating in a report on Wednesday, April 12th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.97.
Large investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its stake in shares of Sunoco by 6.3% in the first quarter. SRS Capital Advisors Inc. now owns 7,123 shares of the oil and gas company’s stock valued at $172,000 after buying an additional 420 shares during the period. Baldwin Brothers Inc. MA boosted its stake in shares of Sunoco by 25.0% in the first quarter. Baldwin Brothers Inc. MA now owns 7,500 shares of the oil and gas company’s stock valued at $181,000 after buying an additional 1,500 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Sunoco during the first quarter valued at approximately $282,000. Cypress Asset Management Inc. TX boosted its stake in shares of Sunoco by 0.7% in the first quarter. Cypress Asset Management Inc. TX now owns 11,036 shares of the oil and gas company’s stock valued at $267,000 after buying an additional 74 shares during the period. Finally, Atria Investments LLC boosted its stake in shares of Sunoco by 2.1% in the first quarter. Atria Investments LLC now owns 11,393 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 233 shares during the period. 27.14% of the stock is owned by institutional investors and hedge funds.
Shares of Sunoco (NYSE SUN) opened at 30.37 on Friday. The firm’s market cap is $3.52 billion. The stock has a 50 day moving average of $30.10 and a 200 day moving average of $27.62. Sunoco has a 1-year low of $21.01 and a 1-year high of $31.50.
Sunoco Company Profile
Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.
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