Sunoco (NYSE:SUN) Posts Earnings Results, Misses Expectations By $0.73 EPS

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

Sunoco Stock Down 1.7 %

Sunoco stock opened at $56.35 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.16 and a quick ratio of 0.66. The company’s 50-day moving average is $53.95 and its 200-day moving average is $53.42. The firm has a market capitalization of $8.59 billion, a PE ratio of 12.95 and a beta of 1.36. Sunoco has a fifty-two week low of $49.45 and a fifty-two week high of $64.89.

Sunoco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders 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 6.29%. The ex-dividend date is Friday, February 7th. This is an increase from Sunoco’s previous quarterly dividend of $0.88. Sunoco’s dividend payout ratio (DPR) is 80.46%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays boosted their price objective on Sunoco from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Mizuho increased their price objective on shares of Sunoco from $61.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price objective 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.