Suncor Energy Inc. (NYSE:SU) Expected to Announce Earnings of $1.07 Per Share

Analysts expect Suncor Energy Inc. (NYSE:SU – Get Rating) (TSE:SU) to report earnings of $1.07 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Suncor Energy’s earnings. The highest EPS estimate is $1.23 and the lowest is $0.91. Suncor Energy posted earnings per share of $0.39 in the same quarter last year, which indicates a positive year-over-year growth rate of 174.4%. The firm is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Suncor Energy will report full-year earnings of $3.94 per share for the current fiscal year, with EPS estimates ranging from $3.38 to $4.92. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.11 per share, with EPS estimates ranging from $3.26 to $4.96. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Suncor Energy.

Suncor Energy (NYSE:SU – Get Rating) (TSE:SU) last released its quarterly earnings data on Wednesday, February 2nd. The oil and gas producer reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). Suncor Energy had a net margin of 10.53% and a return on equity of 10.44%. The firm had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8 billion. During the same period last year, the business earned ($0.07) EPS.

Several equities research analysts recently weighed in on SU shares. Tudor, Pickering, Holt & Co. downgraded Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday, February 4th. TheStreet raised Suncor Energy from a “c” rating to a “b-” rating in a research report on Tuesday, February 8th. National Bank Financial raised their target price on Suncor Energy from C$52.00 to C$54.00 in a research report on Thursday, April 14th. Tudor Pickering lowered Suncor Energy from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a research report on Friday, February 4th. Finally, JPMorgan Chase & Co. lowered Suncor Energy from an “overweight” rating to a “neutral” rating and set a $38.00 target price for the company. in a research report on Friday, February 4th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $42.71.

NYSE SU opened at $32.30 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. Suncor Energy has a twelve month low of $17.10 and a twelve month high of $35.08. The company has a market cap of $46.23 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 0.63 and a beta of 1.54. The business’s fifty day moving average is $31.78 and its 200 day moving average is $27.86.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 4th were paid a $0.3311 dividend. The ex-dividend date was Thursday, March 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.33. This represents a $1.32 annualized dividend and a dividend yield of 4.10%. Suncor Energy’s dividend payout ratio (DPR) is currently 59.91%.

Institutional investors and hedge funds have recently modified their holdings of the company. Carolinas Wealth Consulting LLC grew its stake in shares of Suncor Energy by 60.7% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 1,165 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 440 shares during the period. Herold Advisors Inc. acquired a new stake in shares of Suncor Energy in the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Suncor Energy in the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in Suncor Energy during the 3rd quarter valued at about $29,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Suncor Energy during the 4th quarter valued at about $44,000. Institutional investors own 59.48% of the company’s stock.

Suncor Energy Company Profile (Get Rating)

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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