Sunoco (SUN) Scheduled to Post Quarterly Earnings on Wednesday

Sunoco (NYSE:SUN) will be announcing its earnings results after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.65 per share for the quarter.

Sunoco (NYSE:SUN) last released its earnings results on Wednesday, August 8th. The oil and gas company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Sunoco had a net margin of 0.86% and a return on equity of 33.25%. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the business earned ($0.59) EPS. The firm’s revenue was up 59.3% compared to the same quarter last year. On average, analysts expect Sunoco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE SUN opened at $27.17 on Wednesday. Sunoco has a 12 month low of $24.46 and a 12 month high of $33.11. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 11.86 and a beta of 0.80. The company has a current ratio of 1.07, a quick ratio of 0.67 and a debt-to-equity ratio of 2.84.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Tuesday, November 6th will be paid a dividend of $0.8255 per share. This represents a $3.30 dividend on an annualized basis and a yield of 12.15%. The ex-dividend date is Monday, November 5th. Sunoco’s payout ratio is 144.10%.

SUN has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Sunoco from an “underperform” rating to a “hold” rating and set a $30.00 target price on the stock in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Sunoco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Raymond James restated a “buy” rating on shares of Sunoco in a research note on Monday, August 13th. JPMorgan Chase & Co. cut shares of Sunoco from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $32.00 in a research note on Friday, October 12th. Finally, TheStreet upgraded shares of Sunoco from a “c+” rating to a “b-” rating in a research note on Monday, September 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.17.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.

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Earnings History for Sunoco (NYSE:SUN)

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