Brokerages Anticipate Aegean Marine Petroleum Network Inc. (ANW) to Announce $0.03 Earnings Per Share

Equities analysts forecast that Aegean Marine Petroleum Network Inc. (NYSE:ANW) will post $0.03 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Aegean Marine Petroleum Network’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.07. Aegean Marine Petroleum Network reported earnings of $0.41 per share in the same quarter last year, which suggests a negative year over year growth rate of 92.7%. The company is expected to issue its next quarterly earnings results on Wednesday, March 7th.

On average, analysts expect that Aegean Marine Petroleum Network will report full-year earnings of $0.01 per share for the current year, with EPS estimates ranging from ($0.02) to $0.04. For the next fiscal year, analysts expect that the business will report earnings of $0.50 per share, with EPS estimates ranging from $0.14 to $0.75. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Aegean Marine Petroleum Network.

Aegean Marine Petroleum Network (NYSE:ANW) last posted its quarterly earnings data on Wednesday, November 15th. The oil and gas company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Aegean Marine Petroleum Network had a return on equity of 4.26% and a net margin of 0.28%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS.

A number of research analysts have issued reports on ANW shares. Clarkson Capital upgraded shares of Aegean Marine Petroleum Network from a “neutral” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Friday, August 11th. Jefferies Group restated a “buy” rating and set a $8.00 price target on shares of Aegean Marine Petroleum Network in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Aegean Marine Petroleum Network from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. ValuEngine lowered shares of Aegean Marine Petroleum Network from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Aegean Marine Petroleum Network in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Aegean Marine Petroleum Network has an average rating of “Buy” and a consensus target price of $7.00.

Several large investors have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC increased its stake in shares of Aegean Marine Petroleum Network by 506.7% in the third quarter. Highbridge Capital Management LLC now owns 75,074 shares of the oil and gas company’s stock worth $371,000 after acquiring an additional 62,700 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Aegean Marine Petroleum Network in the third quarter worth $440,000. Senvest Management LLC increased its stake in shares of Aegean Marine Petroleum Network by 3.0% in the third quarter. Senvest Management LLC now owns 5,445,894 shares of the oil and gas company’s stock worth $26,957,000 after acquiring an additional 161,000 shares during the period. BB&T Securities LLC boosted its holdings in Aegean Marine Petroleum Network by 17.5% during the third quarter. BB&T Securities LLC now owns 223,061 shares of the oil and gas company’s stock worth $1,104,000 after buying an additional 33,154 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new stake in Aegean Marine Petroleum Network during the third quarter worth $871,000. Hedge funds and other institutional investors own 62.84% of the company’s stock.

Aegean Marine Petroleum Network (NYSE ANW) opened at $4.20 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 1.56. Aegean Marine Petroleum Network has a 52 week low of $3.20 and a 52 week high of $13.10. The stock has a market cap of $170.69, a P/E ratio of 6.89 and a beta of 2.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 29th will be paid a $0.02 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.90%. Aegean Marine Petroleum Network’s payout ratio is currently 21.05%.

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About Aegean Marine Petroleum Network

Aegean Marine Petroleum Network Inc is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels in port, at sea and on rivers. As a physical supplier, the Company procures marine fuel from refineries, oil producers and other sources, and resells and delivers these fuels from its bunkering vessels to a range of end users.

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