Andeavor Logistics LP (ANDX) Expected to Announce Quarterly Sales of $643.33 Million

Analysts expect Andeavor Logistics LP (NYSE:ANDX) to announce $643.33 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Andeavor Logistics’ earnings. The lowest sales estimate is $583.00 million and the highest is $692.00 million. Andeavor Logistics reported sales of $535.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.2%. The company is expected to issue its next earnings report on Monday, May 6th.

On average, analysts expect that Andeavor Logistics will report full year sales of $2.68 billion for the current financial year, with estimates ranging from $2.43 billion to $2.86 billion. For the next financial year, analysts expect that the business will post sales of $2.85 billion, with estimates ranging from $2.60 billion to $3.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Andeavor Logistics.

Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.07). Andeavor Logistics had a return on equity of 19.28% and a net margin of 26.47%. The company had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $647.48 million. During the same quarter in the previous year, the business earned $0.25 EPS. The company’s revenue for the quarter was down 44.1% on a year-over-year basis.

Several research analysts recently commented on ANDX shares. ValuEngine downgraded shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Barclays started coverage on shares of Andeavor Logistics in a report on Thursday, December 13th. They issued an “equal weight” rating and a $36.00 price objective for the company. Citigroup cut their price objective on shares of Andeavor Logistics from $55.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, November 29th. Finally, TheStreet downgraded shares of Andeavor Logistics from a “b” rating to a “c+” rating in a report on Tuesday, November 13th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Andeavor Logistics presently has an average rating of “Hold” and an average target price of $47.93.

In other Andeavor Logistics news, Director Jeff A. Stevens sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $38.44, for a total value of $961,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Bessemer Group Inc. bought a new position in Andeavor Logistics in the 4th quarter valued at $56,000. Tower Research Capital LLC TRC bought a new position in Andeavor Logistics in the 3rd quarter valued at $106,000. LPL Financial LLC bought a new position in Andeavor Logistics in the 3rd quarter valued at $224,000. Cowen Prime Services LLC boosted its holdings in Andeavor Logistics by 100.0% in the 3rd quarter. Cowen Prime Services LLC now owns 5,000 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 2,500 shares during the period. Finally, Penserra Capital Management LLC bought a new position in Andeavor Logistics in the 4th quarter valued at $171,000. 33.84% of the stock is owned by hedge funds and other institutional investors.

Shares of ANDX stock traded up $0.55 during trading hours on Friday, hitting $35.15. 6,653 shares of the company were exchanged, compared to its average volume of 652,999. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Andeavor Logistics has a 52-week low of $31.49 and a 52-week high of $50.82. The firm has a market cap of $8.49 billion, a P/E ratio of 13.67, a PEG ratio of 1.55 and a beta of 1.65.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Tuesday, February 5th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 11.72%. The ex-dividend date of this dividend is Monday, February 4th. Andeavor Logistics’s payout ratio is 160.31%.

Andeavor Logistics Company Profile

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

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Earnings History and Estimates for Andeavor Logistics (NYSE:ANDX)

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