Wall Street analysts expect that Sunoco Logistics Partners LP (NYSE:ETP) will post sales of $8.18 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Sunoco Logistics Partners’ earnings, with the highest sales estimate coming in at $9.43 billion and the lowest estimate coming in at $7.29 billion. Sunoco Logistics Partners posted sales of $2.92 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 180.1%. The company is expected to issue its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Sunoco Logistics Partners will report full-year sales of $8.18 billion for the current fiscal year, with estimates ranging from $27.64 billion to $32.17 billion. For the next year, analysts anticipate that the business will post sales of $32.75 billion per share, with estimates ranging from $29.49 billion to $36.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Sunoco Logistics Partners.

Sunoco Logistics Partners (NYSE:ETP) last released its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $7.31 billion. Sunoco Logistics Partners had a return on equity of 5.88% and a net margin of 4.97%. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.49) EPS.

A number of research analysts recently issued reports on the company. Citigroup dropped their price target on Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, August 15th. Zacks Investment Research downgraded Sunoco Logistics Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. ValuEngine downgraded Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Robert W. Baird restated a “buy” rating and set a $29.00 price target on shares of Sunoco Logistics Partners in a research note on Tuesday, September 26th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Sunoco Logistics Partners in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.46.

Several hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc boosted its stake in shares of Sunoco Logistics Partners by 103.4% in the second quarter. CIBC Asset Management Inc now owns 32,717 shares of the pipeline company’s stock valued at $667,000 after buying an additional 16,630 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Sunoco Logistics Partners by 387.5% in the second quarter. Bessemer Group Inc. now owns 22,482 shares of the pipeline company’s stock valued at $458,000 after buying an additional 17,870 shares in the last quarter. Beach Investment Management LLC. purchased a new stake in shares of Sunoco Logistics Partners in the second quarter valued at approximately $373,000. HL Financial Services LLC boosted its stake in shares of Sunoco Logistics Partners by 32.5% in the second quarter. HL Financial Services LLC now owns 9,866 shares of the pipeline company’s stock valued at $201,000 after buying an additional 2,419 shares in the last quarter. Finally, National Planning Corp boosted its stake in shares of Sunoco Logistics Partners by 86.0% in the second quarter. National Planning Corp now owns 32,707 shares of the pipeline company’s stock valued at $680,000 after buying an additional 15,122 shares in the last quarter. Institutional investors own 62.19% of the company’s stock.

Sunoco Logistics Partners (ETP) opened at $16.47 on Friday. The stock has a market capitalization of $19,030.99, a P/E ratio of 24.58 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. Sunoco Logistics Partners has a 12 month low of $15.25 and a 12 month high of $26.73.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were paid a $0.565 dividend. This is an increase from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 annualized dividend and a dividend yield of 13.72%. The ex-dividend date of this dividend was Monday, November 6th. Sunoco Logistics Partners’s dividend payout ratio (DPR) is 337.31%.

ILLEGAL ACTIVITY NOTICE: “$8.18 Billion in Sales Expected for Sunoco Logistics Partners LP (ETP) This Quarter” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/10/8-18-billion-in-sales-expected-for-sunoco-logistics-partners-lp-etp-this-quarter.html.

About Sunoco Logistics Partners

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.

Get a free copy of the Zacks research report on Sunoco Logistics Partners (ETP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sunoco Logistics Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco Logistics Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.