Sunoco (SUN) Expected to Announce Quarterly Earnings on Tuesday

Sunoco (NYSE:SUN) is anticipated to release its earnings data before the market opens on Tuesday, February 11th. Analysts expect Sunoco to post earnings of $1.48 per share and revenue of $6.18 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Sunoco (NYSE:SUN) last announced 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). The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $6.09 billion. Sunoco had a return on equity of 19.77% and a net margin of 2.72%. Sunoco’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm earned $2.95 EPS. On average, analysts expect Sunoco to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Sunoco Price Performance

NYSE:SUN opened at $57.79 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 1.74. Sunoco has a 12-month low of $49.45 and a 12-month high of $64.89. The stock’s 50 day moving average price is $53.65 and its two-hundred day moving average price is $53.33. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 13.29 and a beta of 1.36.

Sunoco Increases Dividend

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

Wall Street Analyst Weigh In

SUN has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays upped their price target on shares of Sunoco from $60.00 to $63.00 and gave the company 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 stock an “outperform” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.