Suncor Energy Inc. (SU) Expected to Announce Quarterly Sales of $6.41 Billion
Equities analysts predict that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will post sales of $6.41 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Suncor Energy’s earnings. The highest sales estimate is $7.11 billion and the lowest is $5.54 billion. Suncor Energy posted sales of $6.10 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The firm is scheduled to announce its next earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that Suncor Energy will report full year sales of $6.41 billion for the current year, with estimates ranging from $23.64 billion to $26.24 billion. For the next year, analysts anticipate that the company will post sales of $25.97 billion per share, with estimates ranging from $23.92 billion to $29.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Suncor Energy.
Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas producer reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.15. Suncor Energy had a net margin of 16.14% and a return on equity of 11.46%. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.80 billion.
Large investors have recently modified their holdings of the company. First Personal Financial Services lifted its stake in shares of Suncor Energy by 144.1% in the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after purchasing an additional 2,270 shares during the period. Forward Management LLC bought a new position in shares of Suncor Energy in the 3rd quarter worth approximately $154,000. UBS Asset Management Americas Inc. lifted its stake in shares of Suncor Energy by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after purchasing an additional 562 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Suncor Energy by 90.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,725 shares of the oil and gas producer’s stock worth $124,000 after purchasing an additional 2,248 shares during the period. Finally, Howland Capital Management LLC bought a new position in shares of Suncor Energy in the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 65.61% of the company’s stock.
Shares of Suncor Energy (SU) opened at $34.60 on Wednesday. Suncor Energy has a 1 year low of $27.96 and a 1 year high of $36.71. The company has a market cap of $57,130.00, a PE ratio of 30.26, a P/E/G ratio of 3.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 0.91.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.251 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 2.90%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.19. Suncor Energy’s dividend payout ratio is currently 59.06%.
ILLEGAL ACTIVITY NOTICE: “Suncor Energy Inc. (SU) Expected to Announce Quarterly Sales of $6.41 Billion” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/12/06/suncor-energy-inc-su-expected-to-announce-quarterly-sales-of-6-41-billion.html.
Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.