Phillips 66 Partners LP (PSXP) to Release Quarterly Earnings on Wednesday
Phillips 66 Partners LP (NASDAQ:PSXP) is scheduled to be issuing its quarterly earnings data on Wednesday, January 29th. Individual interested in listening to the company’s earnings conference call can do so using this link.
Phillips 66 Partners LP (NASDAQ:PSXP) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.23 by $1.06. The company had revenue of $29.60 million for the quarter, compared to the consensus estimate of $41.23 billion. The company’s revenue for the quarter was up 39.0% on a year-over-year basis. On average, analysts expect Phillips 66 Partners LP to post $0.89 EPS for the current fiscal year and $1.40 EPS for the next fiscal year.
Shares of Phillips 66 Partners LP (NASDAQ:PSXP) opened at 37.10 on Tuesday. Phillips 66 Partners LP has a 1-year low of $28.10 and a 1-year high of $39.00. The stock has a 50-day moving average of $36.2 and a 200-day moving average of $32.92. The company has a market cap of $2.613 billion and a P/E ratio of 112.66.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 13th. Investors of record on Tuesday, February 4th will be given a dividend of 0.2248 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Phillips 66 Partners LP’s previous quarterly dividend of $0.15.
On a related note, analysts at Zacks downgraded shares of Phillips 66 Partners LP from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 14th. They now have a $34.40 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Phillips 66 Partners LP currently has an average rating of “Hold” and a consensus target price of $35.73.
Phillips 66 Partners LP owns, operates, develops and acquires primarily fee-based crude oil, refined petroleum product and natural gas liquids (NASDAQ:PSXP) pipelines and terminals and other transportation and midstream assets.
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