FY2028 EPS Estimates for Suncor Energy Reduced by Analyst

Key Points

• Raymond James Financial has reduced their FY2028 EPS estimate for Suncor Energy from $5.05 to $4.95, maintaining a "Market Perform" rating with a $58.00 target price.
• Suncor Energy's most recent quarterly earnings yielded an EPS of C$0.71, with a net margin of 15.15% and return on equity of 18.10%.
• The company has announced a quarterly dividend of $0.57, reflecting an annualized payout of $2.28 and a dividend yield of 4.2%.

Suncor Energy Inc. (TSE:SU - Free Report) NYSE: SU - Equities research analysts at Raymond James Financial cut their FY2028 EPS estimates for shares of Suncor Energy in a report released on Wednesday, August 6th. Raymond James Financial analyst M. Barth now forecasts that the company will post earnings of $4.95 per share for the year, down from their previous estimate of $5.05. Raymond James Financial currently has a "Market Perform" rating and a $58.00 target price on the stock. The consensus estimate for Suncor Energy's current full-year earnings is $4.42 per share. Raymond James Financial also issued estimates for Suncor Energy's FY2029 earnings at $5.25 EPS.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its earnings results on Tuesday, August 5th. The company reported C$0.71 EPS for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%.

Other analysts have also issued reports about the stock. Scotiabank increased their price target on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. ATB Capital increased their price target on shares of Suncor Energy from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research report on Thursday. TD Securities increased their price target on shares of Suncor Energy from C$62.00 to C$63.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Jefferies Financial Group increased their price target on shares of Suncor Energy from C$48.00 to C$53.00 in a research report on Monday, July 14th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$62.67.

Suncor Energy Price Performance

SU traded up C$0.51 on Friday, hitting C$54.13. 1,116,352 shares of the company were exchanged, compared to its average volume of 7,986,188. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The business's fifty day moving average is C$53.07 and its 200 day moving average is C$52.33. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$58.58. The firm has a market capitalization of C$67.89 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Insider Transactions at Suncor Energy

In other news, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of C$55.99, for a total value of C$1,432,478.57. Also, Director Russell Girling purchased 10,000 shares of Suncor Energy stock in a transaction dated Friday, June 6th. The stock was acquired at an average price of C$50.41 per share, for a total transaction of C$504,100.00. Company insiders own 0.01% of the company's stock.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is presently 34.42%.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.

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