Andeavor (ANDV) Expected to Post Earnings of $2.65 Per Share
Wall Street analysts expect that Andeavor (NASDAQ:ANDV) will announce earnings of $2.65 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Andeavor’s earnings. The highest EPS estimate is $3.14 and the lowest is $1.90. Andeavor posted earnings of $1.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 85.3%. The business is scheduled to announce its next earnings report on Monday, October 30th.
According to Zacks, analysts expect that Andeavor will report full-year earnings of $6.30 per share for the current fiscal year, with EPS estimates ranging from $4.79 to $6.95. For the next fiscal year, analysts anticipate that the firm will report earnings of $7.87 per share, with EPS estimates ranging from $5.35 to $10.24. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Andeavor.
Several brokerages recently weighed in on ANDV. Morgan Stanley initiated coverage on shares of Andeavor in a research note on Wednesday, August 2nd. They issued an “overweight” rating for the company. BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Andeavor from a “hold” rating to a “strong-buy” rating and set a $118.00 price target on the stock in a research note on Tuesday, September 12th. Howard Weil downgraded shares of Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price target for the company. in a report on Thursday. Finally, Cowen and Company reiterated a “buy” rating and set a $120.00 price target on shares of Andeavor in a report on Thursday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $115.50.
Andeavor (NASDAQ:ANDV) traded up 0.15% during trading on Monday, reaching $103.30. 92,704 shares of the company’s stock traded hands. The firm has a 50 day moving average of $98.14 and a 200 day moving average of $89.44. The firm has a market capitalization of $16.52 billion and a PE ratio of 17.27. Andeavor has a 1-year low of $75.11 and a 1-year high of $105.63.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.36 annualized dividend and a yield of 2.28%.
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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