Andeavor (ANDV) Expected to Post Quarterly Sales of $10.12 Billion
Wall Street analysts expect Andeavor (NASDAQ:ANDV) to report $10.12 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Andeavor’s earnings, with the lowest sales estimate coming in at $7.14 billion and the highest estimate coming in at $11.85 billion. Andeavor posted sales of $6.54 billion in the same quarter last year, which would indicate a positive year over year growth rate of 54.7%. The business is scheduled to report its next quarterly earnings report on Monday, October 30th.
According to Zacks, analysts expect that Andeavor will report full year sales of $10.12 billion for the current fiscal year, with estimates ranging from $28.27 billion to $38.85 billion. For the next financial year, analysts anticipate that the business will report sales of $40.57 billion per share, with estimates ranging from $27.68 billion to $55.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Andeavor.
A number of equities analysts have weighed in on ANDV shares. Zacks Investment Research cut shares of Andeavor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Finally, Morgan Stanley initiated coverage on shares of Andeavor in a research report on Wednesday, August 2nd. They issued an “overweight” rating for the company.
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Andeavor (NASDAQ:ANDV) traded up 0.71% on Friday, hitting $103.15. 1,220,809 shares of the stock were exchanged. The firm has a market cap of $16.50 billion and a P/E ratio of 17.25. Andeavor has a 12 month low of $75.11 and a 12 month high of $104.00. The company has a 50-day moving average of $98.00 and a 200 day moving average of $89.28.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Tuesday, August 29th.
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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