Sunoco (NYSE:SUN) Announces Earnings Results, Misses Estimates By $0.73 EPS

Sunoco (NYSE:SUN) announced its quarterly earnings data on Tuesday. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.73), Zacks reports. Sunoco had a net margin of 2.72% and a return on equity of 19.77%.

Sunoco Trading Up 0.7 %

Shares of SUN stock opened at $56.81 on Tuesday. Sunoco has a 1-year low of $49.45 and a 1-year high of $64.89. The firm has a market cap of $8.66 billion, a PE ratio of 13.06 and a beta of 1.36. The company has a 50-day moving average of $53.91 and a two-hundred day moving average of $53.39. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.16 and a quick ratio of 0.66.

Sunoco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be issued a $0.8865 dividend. This is a positive change from Sunoco’s previous quarterly dividend of $0.88. This represents a $3.55 annualized dividend and a yield of 6.24%. The ex-dividend date is Friday, February 7th. Sunoco’s payout ratio is 80.46%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SUN shares. Barclays upped their price target on Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Mizuho raised their target price on Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on shares of Sunoco from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.43.

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.