Sunoco (SUN) Set to Announce Quarterly Earnings on Wednesday

Sunoco (NYSE:SUN - Get Free Report) is set to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Sunoco to post earnings of $1.56 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Sunoco (NYSE:SUN - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $3.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $2.62. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $5.63 billion. Sunoco had a net margin of 3.80% and a return on equity of 41.76%. Sunoco's revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. On average, analysts expect Sunoco to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Sunoco Stock Down 1.1 %

Shares of NYSE SUN traded down $0.58 during midday trading on Wednesday, hitting $51.08. The stock had a trading volume of 188,319 shares, compared to its average volume of 521,498. The business's 50 day moving average is $53.08 and its 200-day moving average is $53.89. Sunoco has a 52 week low of $49.45 and a 52 week high of $64.89. The company has a quick ratio of 0.72, a current ratio of 1.26 and a debt-to-equity ratio of 1.69. The company has a market cap of $7.79 billion, a P/E ratio of 6.83 and a beta of 1.30.

Sunoco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.8756 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.50 annualized dividend and a yield of 6.86%. Sunoco's dividend payout ratio is 46.30%.

Analyst Ratings Changes

Several equities research analysts recently commented on SUN shares. StockNews.com cut Sunoco from a "buy" rating to a "hold" rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of Sunoco from $61.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 4th. Barclays lowered their price objective on shares of Sunoco from $61.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada lifted their target price on shares of Sunoco from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Sunoco presently has an average rating of "Moderate Buy" and a consensus target price of $62.25.

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.