$6.08 Billion in Sales Expected for Sunoco LP (NYSE:SUN) This Quarter

Equities analysts expect Sunoco LP (NYSE:SUN – Get Rating) to post sales of $6.08 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Sunoco’s earnings, with estimates ranging from $5.23 billion to $6.92 billion. Sunoco posted sales of $4.39 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.5%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Sunoco will report full year sales of $25.44 billion for the current year, with estimates ranging from $20.86 billion to $30.03 billion. For the next financial year, analysts anticipate that the company will report sales of $36.72 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Sunoco.

Sunoco (NYSE:SUN – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The oil and gas company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $1.44. Sunoco had a net margin of 3.00% and a return on equity of 73.56%. The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the business posted $1.60 EPS. The firm’s revenue was up 55.6% compared to the same quarter last year.

Several research analysts have commented on SUN shares. Mizuho upped their price objective on shares of Sunoco from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 17th. Barclays upped their price objective on shares of Sunoco from $44.00 to $47.00 in a report on Thursday, January 20th. Credit Suisse Group upped their price objective on shares of Sunoco from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, January 25th. Citigroup raised Sunoco from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, February 23rd. Finally, Wells Fargo & Company boosted their price target on Sunoco from $40.00 to $43.00 in a research report on Monday, February 28th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Sunoco currently has an average rating of “Hold” and an average target price of $44.75.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in 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 valued at $569,000 after buying an additional 2,001 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Sunoco by 6.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,514 shares of the oil and gas company’s stock valued at $355,000 after acquiring an additional 550 shares during the period. Raymond James & Associates grew its position in shares of Sunoco by 6.1% during the 3rd quarter. Raymond James & Associates now owns 93,581 shares of the oil and gas company’s stock valued at $3,492,000 after acquiring an additional 5,362 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Sunoco by 4,055.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 22,440 shares of the oil and gas company’s stock valued at $838,000 after acquiring an additional 21,900 shares during the period. Finally, Advisor Group Holdings Inc. grew its position in shares of Sunoco by 13.3% during the 3rd quarter. Advisor Group Holdings Inc. now owns 79,532 shares of the oil and gas company’s stock valued at $2,969,000 after acquiring an additional 9,362 shares during the period. Institutional investors own 17.25% of the company’s stock.

Shares of NYSE SUN opened at $42.74 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.74 and a debt-to-equity ratio of 4.01. Sunoco has a 12 month low of $34.11 and a 12 month high of $46.95. The firm has a market capitalization of $4.28 billion, a PE ratio of 7.12 and a beta of 1.53. The firm has a fifty day simple moving average of $41.92 and a two-hundred day simple moving average of $41.44.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Monday, May 9th will be issued a $0.8255 dividend. The ex-dividend date is Friday, May 6th. This represents a $3.30 dividend on an annualized basis and a yield of 7.73%. Sunoco’s payout ratio is currently 55.00%.

About Sunoco (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.

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