Brokerages expect that Sunoco LP (NYSE:SUN) will post $0.53 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Sunoco’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.38. Sunoco posted earnings of ($0.22) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 340.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Sunoco will report full year earnings of $2.50 per share for the current financial year, with EPS estimates ranging from $1.81 to $3.05. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.76 per share, with EPS estimates ranging from $2.05 to $3.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Sunoco.
A number of research firms have issued reports on SUN. Zacks Investment Research cut Sunoco from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 5th. Barclays decreased their target price on Sunoco from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 4th. Janney Montgomery Scott began coverage on Sunoco in a research report on Friday, January 19th. They issued a “neutral” rating and a $33.00 target price on the stock. B. Riley set a $32.00 target price on Sunoco and gave the company a “neutral” rating in a research report on Monday, December 18th. Finally, Citigroup decreased their target price on Sunoco from $31.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 27th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $31.45.
Sunoco stock opened at $28.13 on Friday. Sunoco has a 12-month low of $24.76 and a 12-month high of $33.11. The company has a current ratio of 3.74, a quick ratio of 3.39 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $2,716.70, a price-to-earnings ratio of 12.28 and a beta of 0.63.
COPYRIGHT VIOLATION NOTICE: “Sunoco LP (SUN) Expected to Announce Earnings of $0.53 Per Share” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2018/04/17/sunoco-lp-sun-expected-to-announce-earnings-of-0-53-per-share.html.
Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with MarketBeat.com's FREE daily email newsletter.