Brokerages forecast that Andeavor (NYSE:ANDV) will announce $11.08 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Andeavor’s earnings. The highest sales estimate is $14.35 billion and the lowest is $8.18 billion. Andeavor reported sales of $6.64 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 66.9%. The business is scheduled to issue its next earnings report on Monday, May 14th.
On average, analysts expect that Andeavor will report full-year sales of $11.08 billion for the current fiscal year, with estimates ranging from $37.76 billion to $58.40 billion. For the next financial year, analysts expect that the company will report sales of $47.90 billion per share, with estimates ranging from $36.97 billion to $59.25 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Andeavor.
A number of equities research analysts recently issued reports on ANDV shares. Evercore ISI raised shares of Andeavor to a “buy” rating and set a $128.00 price target on the stock in a research note on Thursday, November 2nd. Wells Fargo & Co increased their price objective on Andeavor to $141.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. ValuEngine upgraded Andeavor from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Barclays reiterated a “buy” rating and issued a $162.00 price objective on shares of Andeavor in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $130.00 price objective (down previously from $138.00) on shares of Andeavor in a research report on Tuesday, February 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Andeavor presently has a consensus rating of “Buy” and a consensus price target of $126.17.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Daiwa SB Investments Ltd. acquired a new stake in shares of Andeavor during the fourth quarter worth $106,000. Sun Life Financial INC bought a new stake in shares of Andeavor in the 3rd quarter valued at approximately $110,000. Bollard Group LLC bought a new stake in shares of Andeavor in the 3rd quarter valued at approximately $123,000. BB&T Investment Services Inc. bought a new stake in shares of Andeavor in the 4th quarter valued at approximately $126,000. Finally, Cerebellum GP LLC bought a new stake in shares of Andeavor in the 4th quarter valued at approximately $127,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.
Andeavor (NYSE ANDV) traded up $2.08 during midday trading on Thursday, hitting $94.53. 1,420,659 shares of the stock were exchanged, compared to its average volume of 1,670,000. The company has a current ratio of 1.38, a quick ratio of 0.65 and a debt-to-equity ratio of 0.57. Andeavor has a 52 week low of $75.11 and a 52 week high of $121.71. The firm has a market capitalization of $14,750.00, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.39.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 27th. Andeavor’s dividend payout ratio (DPR) is 59.45%.
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Andeavor Company Profile
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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