Brokerages Anticipate Andeavor Logistics LP (ANDX) Will Post Quarterly Sales of $632.33 Million
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 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.
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