Sunoco LP (NYSE:SUN) Expected to Announce Quarterly Sales of $4.85 Billion

Equities analysts forecast that Sunoco LP (NYSE:SUN – Get Rating) will announce $4.85 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Sunoco’s earnings, with the lowest sales estimate coming in at $4.76 billion and the highest estimate coming in at $4.94 billion. Sunoco posted sales of $3.47 billion during the same quarter last year, which would indicate a positive year over year growth rate of 39.8%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Sunoco will report full-year sales of $21.35 billion for the current financial year, with estimates ranging from $20.86 billion to $21.85 billion. For the next fiscal year, analysts expect that the company will report sales of $22.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sunoco.

Sunoco (NYSE:SUN – Get Rating) last posted its earnings results on Wednesday, February 16th. The oil and gas company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.19). Sunoco had a net margin of 2.98% and a return on equity of 67.88%. The firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the company posted $0.77 EPS. The firm’s revenue was up 94.0% compared to the same quarter last year.

Several analysts recently issued reports on SUN shares. Barclays lifted their target price on Sunoco from $44.00 to $47.00 in a research note on Thursday, January 20th. Citigroup raised Sunoco from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, February 23rd. Mizuho raised their price target on Sunoco from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 17th. Wells Fargo & Company raised their price target on Sunoco from $40.00 to $43.00 in a report on Monday, February 28th. Finally, StockNews.com started coverage on Sunoco in a report on Thursday, March 31st. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $44.71.

NYSE SUN opened at $42.94 on Monday. The stock’s 50-day moving average price is $41.88 and its 200-day moving average price is $41.07. The company has a market capitalization of $4.30 billion, a P/E ratio of 8.13 and a beta of 1.65. Sunoco has a 52 week low of $32.92 and a 52 week high of $46.95. The company has a quick ratio of 0.74, a current ratio of 1.34 and a debt-to-equity ratio of 4.01.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 18th. Investors of record on Tuesday, February 8th were paid a dividend of $0.8255 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend was Monday, February 7th. Sunoco’s dividend payout ratio is currently 62.50%.

Several hedge funds have recently modified their holdings of SUN. Commonwealth Equity Services LLC lifted its stake in shares of Sunoco by 15.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,261 shares of the oil and gas company’s stock worth $569,000 after acquiring an additional 2,001 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Sunoco by 26.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,153 shares of the oil and gas company’s stock worth $603,000 after acquiring an additional 3,410 shares during the last quarter. XML Financial LLC lifted its stake in shares of Sunoco by 1.1% during the 3rd quarter. XML Financial LLC now owns 31,053 shares of the oil and gas company’s stock worth $1,159,000 after acquiring an additional 323 shares during the last quarter. Dividend Assets Capital LLC raised its position in Sunoco by 4.7% during the 3rd quarter. Dividend Assets Capital LLC now owns 19,204 shares of the oil and gas company’s stock valued at $717,000 after purchasing an additional 859 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in Sunoco during the 3rd quarter valued at $1,213,000. 17.66% of the stock is owned by hedge funds and other institutional investors.

Sunoco Company Profile (Get Rating)

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates in two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.

Read More