Sunoco (NYSE:SUN) Posts Earnings Results, Misses Expectations By $1.79 EPS

Sunoco (NYSE:SUN) issued its quarterly earnings data on Wednesday. The oil and gas company reported ($0.26) EPS for the quarter, missing the consensus estimate of $1.53 by ($1.79), Briefing.com reports. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $6.09 billion. Sunoco had a return on equity of 41.76% and a net margin of 3.80%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.95 EPS.

Sunoco Stock Down 0.3 %

Shares of Sunoco stock traded down $0.15 on Thursday, reaching $54.21. 253,720 shares of the company were exchanged, compared to its average volume of 521,323. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 7.16 and a beta of 1.31. The company has a current ratio of 1.26, a quick ratio of 0.72 and a debt-to-equity ratio of 1.69. Sunoco has a one year low of $49.45 and a one year high of $64.89. The company has a 50-day moving average of $52.87 and a 200 day moving average of $53.83.

Sunoco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Friday, November 8th will be issued a dividend of $0.8756 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.50 annualized dividend and a yield of 6.46%. Sunoco’s payout ratio is presently 46.30%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SUN. JPMorgan Chase & Co. lifted their target price on Sunoco from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. StockNews.com lowered Sunoco from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada lifted their target price on Sunoco from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays reduced their target price on Sunoco from $61.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.25.

About Sunoco

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.