Sunoco (SUN) Expected to Announce Earnings on Tuesday

Sunoco (NYSE:SUN) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $1.48 per share and revenue of $6.18 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($1.79). Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the business earned $2.95 EPS. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, analysts expect Sunoco to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Sunoco Stock Up 2.6 %

NYSE:SUN opened at $57.79 on Tuesday. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 13.29 and a beta of 1.36. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.66 and a current ratio of 1.16. The stock’s fifty day moving average price is $53.65 and its two-hundred day moving average price is $53.33. Sunoco has a 52-week low of $49.45 and a 52-week high of $64.89.

Sunoco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.8865 per share. This represents a $3.55 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. Sunoco’s dividend payout ratio is 80.46%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SUN. Royal Bank of Canada boosted their price objective on Sunoco from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays boosted their price target on shares of Sunoco from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Mizuho raised their price objective on shares of Sunoco from $61.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Sunoco has an average rating of “Moderate Buy” and a consensus target price of $63.43.

About Sunoco

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.