Sunoco (NYSE:SUN) Releases Earnings Results, Misses Expectations 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 Price Performance

Shares of SUN opened at $56.81 on Tuesday. 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 has a 1-year low of $49.45 and a 1-year high of $64.89. The stock has a market cap of $8.66 billion, a PE ratio of 13.06 and a beta of 1.36. The firm has a fifty day moving average price of $53.91 and a 200 day moving average price of $53.39.

Sunoco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be given a $0.8865 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 6.24%. This is an increase from Sunoco’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, February 7th. Sunoco’s dividend payout ratio (DPR) is 80.46%.

Analysts Set New Price Targets

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

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.