Equities analysts predict that Sunoco Logistics Partners LP (NYSE:ETP) will post $0.22 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Sunoco Logistics Partners’ earnings. The lowest EPS estimate is $0.09 and the highest is $0.35. Sunoco Logistics Partners posted earnings per share of $0.16 in the same quarter last year, which would suggest a positive year over year growth rate of 37.5%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, November 8th.

On average, analysts expect that Sunoco Logistics Partners will report full-year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.25 to $0.74. For the next year, analysts forecast that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.48 to $1.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Sunoco Logistics Partners.

Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.21). The business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $7.24 billion. Sunoco Logistics Partners had a net margin of 3.57% and a return on equity of 4.67%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share.

ETP has been the subject of several recent research reports. Robert W. Baird reissued a “buy” rating and issued a $29.00 price target on shares of Sunoco Logistics Partners in a research note on Thursday, August 24th. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price target on shares of Sunoco Logistics Partners in a research note on Friday, July 14th. Stifel Nicolaus lowered their price target on Sunoco Logistics Partners from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Scotiabank set a $28.00 price target on Sunoco Logistics Partners and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Citigroup Inc. lowered their price target on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $27.49.

Sunoco Logistics Partners (ETP) opened at 17.30 on Tuesday. The firm’s 50-day moving average is $18.21 and its 200-day moving average is $20.19. Sunoco Logistics Partners has a 12 month low of $16.06 and a 12 month high of $27.99. The firm’s market capitalization is $19.02 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be given a $0.565 dividend. This represents a $2.26 annualized dividend and a dividend yield of 13.06%. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, November 6th. Sunoco Logistics Partners’s dividend payout ratio is currently 440.00%.

In other Sunoco Logistics Partners news, CEO Kelcy L. Warren acquired 1,000,000 shares of Sunoco Logistics Partners stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $18.65 per share, with a total value of $18,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,031,646 shares of the company’s stock, valued at $37,890,197.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.74% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Sunoco Logistics Partners by 106.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,859,350 shares of the pipeline company’s stock valued at $241,812,000 after acquiring an additional 6,127,839 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Sunoco Logistics Partners by 95.5% in the second quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock valued at $479,265,000 after acquiring an additional 11,483,706 shares during the period. BlackRock Inc. boosted its position in shares of Sunoco Logistics Partners by 111.0% in the second quarter. BlackRock Inc. now owns 4,489,481 shares of the pipeline company’s stock valued at $91,540,000 after acquiring an additional 2,361,689 shares during the period. Freestone Capital Holdings LLC boosted its position in shares of Sunoco Logistics Partners by 342.3% in the second quarter. Freestone Capital Holdings LLC now owns 390,075 shares of the pipeline company’s stock valued at $7,954,000 after acquiring an additional 301,883 shares during the period. Finally, Good Life Advisors LLC boosted its position in shares of Sunoco Logistics Partners by 82.6% in the second quarter. Good Life Advisors LLC now owns 35,159 shares of the pipeline company’s stock valued at $701,000 after acquiring an additional 15,904 shares during the period. 58.32% of the stock is owned by institutional investors.

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Sunoco Logistics Partners Company Profile

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

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Earnings History and Estimates for Sunoco Logistics Partners (NYSE:ETP)

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