Wall Street brokerages expect that Andeavor Logistics LP (NYSE:ANDX) will report earnings per share (EPS) of $0.71 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Andeavor Logistics’ earnings. The lowest EPS estimate is $0.66 and the highest is $0.74. Andeavor Logistics reported earnings per share of $0.63 during the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The business is expected to issue its next earnings report on Monday, August 5th.
On average, analysts expect that Andeavor Logistics will report full-year earnings of $2.83 per share for the current year, with EPS estimates ranging from $2.63 to $3.04. For the next year, analysts anticipate that the business will post earnings of $3.15 per share, with EPS estimates ranging from $2.79 to $3.53. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Andeavor Logistics.
Andeavor Logistics (NYSE:ANDX) last released its earnings results on Wednesday, May 8th. The oil and gas company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.09). Andeavor Logistics had a net margin of 26.18% and a return on equity of 17.19%. The business had revenue of $630.00 million for the quarter, compared to analyst estimates of $639.64 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in Andeavor Logistics by 0.6% in the 4th quarter. Stifel Financial Corp now owns 77,687 shares of the oil and gas company’s stock valued at $2,523,000 after acquiring an additional 489 shares in the last quarter. Intercontinental Wealth Advisors LLC grew its position in shares of Andeavor Logistics by 230.4% during the 1st quarter. Intercontinental Wealth Advisors LLC now owns 717 shares of the oil and gas company’s stock worth $25,000 after buying an additional 500 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Andeavor Logistics by 10.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,498 shares of the oil and gas company’s stock worth $335,000 after buying an additional 879 shares during the period. UMB Bank N A MO grew its position in shares of Andeavor Logistics by 11.1% during the 1st quarter. UMB Bank N A MO now owns 14,115 shares of the oil and gas company’s stock worth $498,000 after buying an additional 1,415 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Andeavor Logistics by 36.1% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 5,750 shares of the oil and gas company’s stock worth $208,000 after buying an additional 1,525 shares during the period. 33.26% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:ANDX traded up $0.16 during mid-day trading on Friday, hitting $35.49. The stock had a trading volume of 24,259 shares, compared to its average volume of 713,195. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $8.68 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.33. Andeavor Logistics has a 12-month low of $31.49 and a 12-month high of $50.82.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, May 9th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 11.61%. The ex-dividend date of this dividend was Wednesday, May 8th. Andeavor Logistics’s payout ratio is 160.31%.
About Andeavor Logistics
Andeavor Logistics LP operates as a diversified midstream company in the United States. The company's Terminalling and Transportation segment comprises the Northwest pipeline system, 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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