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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Andeavor Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor Logistics and related companies with MarketBeat.com's FREE daily email newsletter.