Wall Street brokerages expect Sunoco LP (NYSE:SUN) to post sales of $4.69 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Sunoco’s earnings. The lowest sales estimate is $4.33 billion and the highest is $5.00 billion. Sunoco posted sales of $2.56 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 83.2%. The firm is expected to issue its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Sunoco will report full year sales of $17.34 billion for the current financial year, with estimates ranging from $15.82 billion to $18.04 billion. For the next year, analysts expect that the business will report sales of $18.27 billion per share, with estimates ranging from $16.39 billion to $19.42 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Sunoco.

Sunoco (NYSE:SUN) last announced its earnings results on Wednesday, August 8th. The oil and gas company reported $0.58 earnings per share (EPS) 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 firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the company earned ($0.59) EPS. The business’s revenue was up 59.3% compared to the same quarter last year.

SUN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Sunoco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Wells Fargo & Co reduced their price objective on shares of Sunoco from $30.00 to $29.00 and set a “market perform” rating on the stock in a research report on Thursday, September 13th. Raymond James reissued a “buy” rating on shares of Sunoco in a research report on Monday, August 13th. Jefferies Financial Group raised shares of Sunoco from an “underperform” rating to a “hold” rating and set a $30.00 price objective on the stock in a research report on Wednesday, July 18th. Finally, B. Riley set a $32.00 price objective on shares of Sunoco and gave the stock a “hold” rating in a research report on Monday, June 4th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.87.

Sunoco stock traded up $0.04 during midday trading on Tuesday, reaching $28.23. The stock had a trading volume of 349,003 shares, compared to its average volume of 261,634. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.07 and a quick ratio of 0.67. Sunoco has a 52-week low of $24.46 and a 52-week high of $33.11. The firm has a market capitalization of $2.79 billion, a P/E ratio of 12.33 and a beta of 0.79.

Several large investors have recently modified their holdings of SUN. BlackRock Inc. increased its position in shares of Sunoco by 6,579.2% during the first quarter. BlackRock Inc. now owns 677,603 shares of the oil and gas company’s stock worth $17,285,000 after acquiring an additional 667,458 shares during the period. OppenheimerFunds Inc. increased its position in shares of Sunoco by 1.4% during the second quarter. OppenheimerFunds Inc. now owns 13,585,922 shares of the oil and gas company’s stock worth $339,105,000 after acquiring an additional 186,248 shares during the period. SG Americas Securities LLC purchased a new position in shares of Sunoco during the second quarter worth approximately $2,608,000. Renaissance Technologies LLC increased its position in shares of Sunoco by 28.6% during the second quarter. Renaissance Technologies LLC now owns 421,700 shares of the oil and gas company’s stock worth $10,526,000 after acquiring an additional 93,875 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Sunoco during the first quarter worth approximately $1,806,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Sunoco Company Profile

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.

Featured Article: Do You Need a Fiduciary?

Get a free copy of the Zacks research report on Sunoco (SUN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Sunoco (NYSE:SUN)

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.