Sunoco (NYSE:SUN) Announces Quarterly Earnings Results

Sunoco (NYSE:SUN - Get Free Report) released its earnings results on Wednesday. The oil and gas company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($1.79), Briefing.com reports. Sunoco had a net margin of 3.80% and a return on equity of 41.76%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the business posted $2.95 EPS. Sunoco's revenue was down 9.0% compared to the same quarter last year.

Sunoco Price Performance

Shares of NYSE:SUN traded down $0.99 on Thursday, hitting $53.37. The company had a trading volume of 469,622 shares, compared to its average volume of 522,323. The company has a current ratio of 1.26, a quick ratio of 0.72 and a debt-to-equity ratio of 1.69. The company has a market cap of $8.13 billion, a PE ratio of 7.06 and a beta of 1.31. Sunoco has a 52-week low of $49.45 and a 52-week high of $64.89. The business has a 50 day moving average of $52.84 and a 200 day moving average of $53.83.

Sunoco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th will be issued a $0.8756 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.56%. Sunoco's dividend payout ratio (DPR) is 46.30%.

Wall Street Analysts Forecast Growth

SUN has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Sunoco from a "buy" rating to a "hold" rating in a report on Thursday, August 8th. Barclays decreased their price target on Sunoco from $61.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada raised their price objective on Sunoco from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on Sunoco from $61.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $62.25.

Sunoco Company Profile

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.