Brokerages Anticipate Sunoco LP (SUN) Will Post Earnings of $0.15 Per Share
Equities research analysts predict that Sunoco LP (NYSE:SUN) will report earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Sunoco’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at ($0.11). Sunoco reported earnings of $0.53 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 71.7%. The business is expected to announce its next earnings results after the market closes on Tuesday, August 8th.
According to Zacks, analysts expect that Sunoco will report full-year earnings of $0.23 per share for the current year, with EPS estimates ranging from ($0.24) to $0.71. For the next financial year, analysts expect that the business will report earnings of $2.27 per share, with EPS estimates ranging from $0.80 to $3.12. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Sunoco.
SUN has been the topic of a number of analyst reports. Credit Suisse Group reissued an “outperform” rating and issued a $37.00 price target (up previously from $30.00) on shares of Sunoco in a research note on Sunday, April 9th. TheStreet raised Sunoco from a “d+” rating to a “c-” rating in a research note on Wednesday, April 26th. Citigroup Inc. raised Sunoco from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $22.00 to $29.00 in a research note on Tuesday, April 25th. Vetr cut Sunoco from a “buy” rating to a “sell” rating and set a $26.22 price target on the stock. in a research note on Monday, April 10th. Finally, Robert W. Baird raised Sunoco from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $28.00 to $36.00 in a research note on Monday, April 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.04.
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Sunoco (SUN) traded down 1.54% during midday trading on Monday, hitting $30.76. 358,393 shares of the company’s stock traded hands. Sunoco has a 52 week low of $21.01 and a 52 week high of $32.67. The company has a 50 day moving average of $30.68 and a 200-day moving average of $28.70. The company’s market capitalization is $3.06 billion.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, August 7th will be paid a $0.8255 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $3.30 annualized dividend and a dividend yield of 10.73%. Sunoco’s payout ratio is -57.19%.
Several large investors have recently made changes to their positions in SUN. 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 last quarter. 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 last quarter. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of Sunoco during the second quarter valued at approximately $245,000. 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 last quarter. 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 last quarter. 27.47% of the stock is owned by institutional investors and hedge funds.
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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