Western Refining (WNR) Set to Announce Earnings on Thursday
Western Refining (NYSE:WNR) is scheduled to be issuing its quarterly earnings data on Thursday, October 31st. Individual interested in registering for the company’s earnings conference call can do so using this link.
Western Refining (NYSE:WNR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.05. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts expect Western Refining to post $3.09 EPS for the current fiscal year and $2.91 EPS for the next fiscal year.
Western Refining (NYSE:WNR) opened at 32.60 on Wednesday. Western Refining has a one year low of $23.67 and a one year high of $39.42. The stock has a 50-day moving average of $30.17 and a 200-day moving average of $31.29. The company has a market cap of $2.621 billion and a price-to-earnings ratio of 7.87.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Monday, October 28th. This is a boost from Western Refining’s previous quarterly dividend of $0.18.
A number of research firms have recently commented on WNR. Analysts at Barclays cut their price target on shares of Western Refining from $47.00 to $39.00 in a research note to investors on Tuesday, October 8th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Imperial Capital cut their price target on shares of Western Refining from $31.00 to $28.00 in a research note to investors on Friday, October 4th. They now have an “in-line” rating on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Western Refining from $43.00 to $32.00 in a research note to investors on Tuesday, October 1st. They now have an “equal weight” rating on the stock. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.10.
In other Western Refining news, major shareholder Franklin Mountain Investments unloaded 72,845 shares of Western Refining stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $35.17, for a total value of $2,561,958.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Western Refining, Inc (NYSE:WNR) is an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores.
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