Sunoco (SUN) to Release Quarterly Earnings on Wednesday

Sunoco (NYSE:SUN) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Sunoco (NYSE:SUN) last posted its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($1.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($2.46). The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.42 billion. Sunoco had a net margin of 1.71% and a return on equity of 37.91%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. On average, analysts expect Sunoco to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Sunoco Trading Down 1.6 %

SUN opened at $56.32 on Wednesday. The stock has a market capitalization of $5.68 billion, a PE ratio of 15.47 and a beta of 1.27. The firm’s fifty day moving average price is $59.39 and its 200 day moving average price is $57.30. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.40 and a quick ratio of 0.76. Sunoco has a 12-month low of $41.95 and a 12-month high of $64.89.

Wall Street Analyst Weigh In

SUN has been the subject of several recent research reports. Raymond James boosted their target price on shares of Sunoco from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Wells Fargo & Company boosted their target price on shares of Sunoco from $60.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 20th. Citigroup lowered shares of Sunoco from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Tuesday, February 27th. StockNews.com lowered shares of Sunoco from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Mizuho boosted their target price on shares of Sunoco from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.71.

Insider Transactions at Sunoco

In other news, Director David K. Skidmore purchased 1,500 shares of the stock in a transaction dated Wednesday, April 17th. The stock was acquired at an average price of $52.10 per share, for a total transaction of $78,150.00. Following the completion of the transaction, the director now owns 14,608 shares of the company’s stock, valued at $761,076.80. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

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.