Analysts predict that Sunoco LP (NYSE:SUN) will announce $0.60 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Sunoco’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.22. Sunoco reported earnings per share of $1.02 during the same quarter last year, which indicates a negative year-over-year growth rate of 41.2%. The company is scheduled to report its next earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Sunoco will report full-year earnings of ($0.36) per share for the current financial year, with EPS estimates ranging from ($1.48) to $0.77. For the next fiscal year, analysts forecast that the firm will report earnings of $2.33 per share, with EPS estimates ranging from $0.89 to $3.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Sunoco.

Sunoco (NYSE:SUN) last posted its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Sunoco had a net margin of 0.86% and a return on equity of 33.25%. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company posted ($0.59) EPS. The business’s revenue for the quarter was up 59.3% on a year-over-year basis.

A number of research firms recently weighed in on SUN. Raymond James reaffirmed a “buy” rating on shares of Sunoco in a research report on Monday, August 13th. 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 report on Wednesday, July 18th. ValuEngine lowered shares of Sunoco from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Zacks Investment Research upgraded shares of Sunoco from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, B. Riley set a $32.00 target price on shares of Sunoco and gave the stock a “hold” rating in a report on Monday, June 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Sunoco has a consensus rating of “Hold” and an average price target of $30.87.

Institutional investors have recently modified their holdings of the business. Ferris Capital LLC raised its position in Sunoco by 16.8% during the second quarter. Ferris Capital LLC now owns 17,749 shares of the oil and gas company’s stock worth $443,000 after acquiring an additional 2,559 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Sunoco by 2.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 122,507 shares of the oil and gas company’s stock valued at $3,058,000 after purchasing an additional 3,034 shares during the period. LPL Financial LLC grew its holdings in Sunoco by 21.8% in the first quarter. LPL Financial LLC now owns 21,616 shares of the oil and gas company’s stock valued at $551,000 after purchasing an additional 3,876 shares during the period. Optimum Investment Advisors purchased a new stake in Sunoco in the first quarter valued at approximately $102,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in Sunoco in the first quarter valued at approximately $120,000. 28.61% of the stock is currently owned by institutional investors.

Shares of NYSE:SUN traded up $0.10 during mid-day trading on Friday, reaching $27.87. 342,288 shares of the company were exchanged, compared to its average volume of 265,850. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.67 and a current ratio of 1.07. The stock has a market capitalization of $2.76 billion, a P/E ratio of 12.17 and a beta of 0.79. Sunoco has a 1 year low of $24.46 and a 1 year high of $33.11.

About Sunoco

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 and Estimates for Sunoco (NYSE:SUN)

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