Suncor Energy (SU) Scheduled to Announce Earnings on Tuesday

Suncor Energy (NYSE:SU) (TSE:SU) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.46 billion. Suncor Energy had a return on equity of 16.08% and a net margin of 16.33%. During the same period in the prior year, the business earned $1.33 earnings per share. On average, analysts expect Suncor Energy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Suncor Energy Trading Up 0.8 %

Shares of Suncor Energy stock opened at $38.55 on Monday. The firm has a market capitalization of $49.62 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 3.38 and a beta of 1.11. Suncor Energy has a fifty-two week low of $27.59 and a fifty-two week high of $39.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. The stock has a 50 day moving average of $36.94 and a 200 day moving average of $34.05.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.406 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.21%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 1st. Suncor Energy’s payout ratio is 34.26%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SU shares. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley upped their target price on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.