Wall Street analysts expect Andeavor Logistics LP (NYSE:ANDX) to announce $632.33 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Andeavor Logistics’ earnings, with the highest sales estimate coming in at $657.00 million and the lowest estimate coming in at $597.00 million. Andeavor Logistics posted sales of $557.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.5%. The company is scheduled to report its next earnings results on Monday, August 5th.

According to Zacks, analysts expect that Andeavor Logistics will report full-year sales of $2.55 billion for the current financial year, with estimates ranging from $2.42 billion to $2.63 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.74 billion, with estimates ranging from $2.60 billion to $2.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Andeavor Logistics.

Andeavor Logistics (NYSE:ANDX) last announced its earnings results on Wednesday, May 8th. The oil and gas company reported $0.60 earnings per share (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 company had revenue of $630.00 million for the quarter, compared to the consensus estimate of $639.64 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on ANDX shares. ValuEngine upgraded shares of Andeavor Logistics from a “strong sell” rating to a “sell” rating in a report on Monday. Zacks Investment Research raised Andeavor Logistics from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Credit Suisse Group raised Andeavor Logistics from an “underperform” rating to a “neutral” rating in a report on Monday. Finally, Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of Andeavor Logistics in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Andeavor Logistics presently has an average rating of “Hold” and a consensus target price of $46.30.

A number of hedge funds have recently modified their holdings of ANDX. Harvest Fund Advisors LLC grew its position in shares of Andeavor Logistics by 3.3% in the 4th quarter. Harvest Fund Advisors LLC now owns 11,397,383 shares of the oil and gas company’s stock worth $370,301,000 after buying an additional 361,375 shares during the period. Alps Advisors Inc. increased its position in shares of Andeavor Logistics by 33.1% during the fourth quarter. Alps Advisors Inc. now owns 10,451,568 shares of the oil and gas company’s stock worth $339,571,000 after buying an additional 2,597,131 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Andeavor Logistics by 19.1% during the first quarter. CIBC Private Wealth Group LLC now owns 3,292,720 shares of the oil and gas company’s stock worth $116,101,000 after buying an additional 528,639 shares during the period. Kayne Anderson Capital Advisors LP increased its position in shares of Andeavor Logistics by 2.3% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,670,327 shares of the oil and gas company’s stock worth $54,258,000 after buying an additional 37,510 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Andeavor Logistics by 87.5% during the first quarter. Bank of Montreal Can now owns 1,591,388 shares of the oil and gas company’s stock worth $56,113,000 after buying an additional 742,664 shares during the period. 33.64% of the stock is owned by hedge funds and other institutional investors.

Andeavor Logistics stock traded up $0.54 during mid-day trading on Friday, hitting $35.59. 58,237 shares of the company traded hands, compared to its average volume of 678,320. Andeavor Logistics has a one year low of $31.49 and a one year high of $50.82. The firm has a market cap of $8.61 billion, a PE ratio of 13.91, a PEG ratio of 1.40 and a beta of 1.55. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.57 and a quick ratio of 0.57.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, May 9th will be issued a dividend of $1.03 per share. The ex-dividend date is Wednesday, May 8th. This represents a $4.12 annualized dividend and a yield of 11.58%. Andeavor Logistics’s dividend payout ratio is presently 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.

Featured Story: Moving Average Convergence Divergence (MACD)

Get a free copy of the Zacks research report on Andeavor Logistics (ANDX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.