Sunoco (NYSE:SUN) Posts Quarterly Earnings Results, Misses Estimates By $0.48 EPS

Sunoco (NYSE:SUN - Get Free Report) announced its quarterly earnings results on Tuesday. The oil and gas company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.48), Zacks reports. Sunoco had a net margin of 3.85% and a return on equity of 22.52%. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same period in the prior year, the business earned $2.26 EPS. The company's revenue for the quarter was down 5.8% compared to the same quarter last year.

Sunoco Stock Down 2.0 %

SUN stock traded down $1.12 during mid-day trading on Friday, reaching $55.38. 542,276 shares of the company traded hands, compared to its average volume of 486,535. Sunoco has a fifty-two week low of $48.00 and a fifty-two week high of $59.88. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 8.39 and a beta of 0.67. The firm's 50 day moving average price is $56.65 and its 200 day moving average price is $55.14. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 1.84.

Sunoco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th will be paid a $0.8976 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Sunoco's previous quarterly dividend of $0.89. This represents a $3.59 annualized dividend and a dividend yield of 6.48%. Sunoco's dividend payout ratio (DPR) is currently 64.68%.

Analyst Ratings Changes

SUN has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Sunoco from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Mizuho lifted their price objective on shares of Sunoco from $66.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Sunoco from $63.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sunoco has an average rating of "Moderate Buy" and an average target price of $64.33.

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.