Analysts predict that Sunoco LP (NYSE:SUN – Get Rating) will post $6.51 billion in sales for the current quarter, Zacks reports. Two analysts have made estimates for Sunoco’s earnings. The highest sales estimate is $6.92 billion and the lowest is $6.09 billion. Sunoco posted sales of $4.39 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 48.3%. The company is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Sunoco will report full-year sales of $27.09 billion for the current year, with estimates ranging from $24.14 billion to $30.03 billion. For the next financial year, analysts expect that the company will post sales of $30.89 billion, with estimates ranging from $25.05 billion to $36.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Sunoco.
Sunoco (NYSE:SUN – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The oil and gas company reported $2.32 EPS for the quarter, beating the consensus estimate of $0.88 by $1.44. The business had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $4.50 billion. Sunoco had a return on equity of 70.31% and a net margin of 3.00%. The business’s revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.60 earnings per share.
Large investors have recently made changes to their positions in the stock. Natixis purchased a new stake in Sunoco during the third quarter worth $4,814,000. HighTower Advisors LLC lifted its holdings in Sunoco by 1.6% during the third quarter. HighTower Advisors LLC now owns 20,348 shares of the oil and gas company’s stock worth $759,000 after buying an additional 319 shares during the period. Royal Bank of Canada lifted its holdings in Sunoco by 60.3% during the third quarter. Royal Bank of Canada now owns 47,070 shares of the oil and gas company’s stock worth $1,757,000 after buying an additional 17,704 shares during the period. Bramshill Investments LLC lifted its holdings in shares of Sunoco by 7.6% during the 3rd quarter. Bramshill Investments LLC now owns 40,636 shares of the oil and gas company’s stock valued at $1,517,000 after purchasing an additional 2,853 shares during the last quarter. Finally, Recurrent Investment Advisors LLC lifted its holdings in shares of Sunoco by 15.0% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 76,820 shares of the oil and gas company’s stock valued at $2,867,000 after purchasing an additional 10,000 shares during the last quarter. 17.25% of the stock is currently owned by institutional investors.
NYSE:SUN opened at $41.70 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 3.90. The company has a market capitalization of $4.18 billion, a P/E ratio of 6.95 and a beta of 1.53. Sunoco has a 12 month low of $34.61 and a 12 month high of $46.95. The business’s 50-day moving average is $41.47 and its 200 day moving average is $41.37.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 19th. Investors of record on Monday, May 9th were paid a $0.8255 dividend. The ex-dividend date of this dividend was Friday, May 6th. This represents a $3.30 annualized dividend and a yield of 7.92%. Sunoco’s dividend payout ratio (DPR) is currently 55.00%.
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.
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