Sunoco (SUN) to Release Earnings on Tuesday

Sunoco (NYSE:SUN - Get Free Report) is expected to be posting its quarterly earnings results 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 that wish to listen to the company's conference call can do so using this link.

Sunoco (NYSE:SUN - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($1.79). Sunoco had a net margin of 2.72% and a return on equity of 19.77%. The firm had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same period in the previous year, the company posted $2.95 EPS. The business's quarterly revenue 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 Trading Up 2.7 %

NYSE SUN traded up $1.55 during trading hours on Tuesday, hitting $59.24. 795,169 shares of the company's stock were exchanged, compared to its average volume of 597,076. 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 firm has a market capitalization of $9.03 billion, a P/E ratio of 13.62 and a beta of 1.36. The business's 50 day moving average is $53.65 and its 200-day moving average is $53.33. Sunoco has a 12-month low of $49.45 and a 12-month high of $64.89.

Sunoco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be given a dividend of $0.8865 per share. This represents a $3.55 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date is Friday, February 7th. This is an increase from Sunoco's previous quarterly dividend of $0.88. Sunoco's payout ratio is 80.46%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SUN. Royal Bank of Canada boosted their price objective on shares of Sunoco from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Barclays boosted their price objective on Sunoco from $60.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Finally, Mizuho increased their target price on Sunoco from $61.00 to $66.00 and gave the company an "outperform" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Sunoco presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.43.

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.