Sunoco LP (SUN) Expected to Post Earnings of $0.26 Per Share

Wall Street brokerages predict that Sunoco LP (NYSE:SUN) will report earnings per share (EPS) of $0.26 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Sunoco’s earnings, with estimates ranging from ($0.14) to $1.10. Sunoco posted earnings per share of $0.83 during the same quarter last year, which would suggest a negative year-over-year growth rate of 68.7%. The company is scheduled to issue its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Sunoco will report full year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.27 to $1.22. For the next year, analysts expect that the company will post earnings of $2.54 per share, with EPS estimates ranging from $1.22 to $3.35. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Sunoco.

Sunoco (NYSE:SUN) last announced its earnings results on Tuesday, November 7th. The oil and gas company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.67. Sunoco had a negative net margin of 4.89% and a positive return on equity of 12.43%.

A number of equities research analysts have commented on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $35.00 price objective on shares of Sunoco in a research report on Tuesday, October 10th. Jefferies Group reissued a “hold” rating and issued a $30.00 price objective on shares of Sunoco in a research report on Friday, October 13th. Mizuho reissued a “sell” rating and issued a $29.00 price objective on shares of Sunoco in a research report on Friday, October 20th. Mitsubishi UFJ Financial Group reissued an “underweight” rating on shares of Sunoco in a research report on Thursday, November 9th. Finally, Robert W. Baird reissued a “buy” rating and issued a $36.00 price objective on shares of Sunoco in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.61.

In other news, insider Arnold Dodderer sold 2,512 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $28.98, for a total value of $72,797.76. Following the completion of the transaction, the insider now owns 23,923 shares in the company, valued at approximately $693,288.54. The sale was disclosed in a document filed with the SEC, which is available at this link.

Several institutional investors have recently modified their holdings of SUN. Alliancebernstein L.P. boosted its holdings in shares of Sunoco by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 12,679 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 710 shares in the last quarter. Raymond James Trust N.A. acquired a new position in shares of Sunoco in the 2nd quarter valued at $246,000. Suntrust Banks Inc. acquired a new position in shares of Sunoco in the 2nd quarter valued at $235,000. Virtu KCG Holdings LLC acquired a new position in shares of Sunoco in the 2nd quarter valued at $509,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Sunoco by 1.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,340,350 shares of the oil and gas company’s stock valued at $41,028,000 after buying an additional 17,894 shares in the last quarter. Institutional investors and hedge funds own 26.32% of the company’s stock.

Shares of Sunoco (NYSE:SUN) opened at $31.43 on Friday. Sunoco has a 52 week low of $23.09 and a 52 week high of $32.67. The firm has a market cap of $3,634.37, a P/E ratio of -3.93 and a beta of 0.56. The company has a current ratio of 4.02, a quick ratio of 3.75 and a debt-to-equity ratio of 2.28.

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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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Earnings History and Estimates for Sunoco (NYSE:SUN)

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