Tesoro Corp. (TSO) Releases Quarterly Earnings Results, Misses Estimates By $0.28 EPS
Tesoro Corp. (NYSE:TSO) announced its earnings results on Thursday. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.28, Analyst Ratings News reports. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 34.4% on a year-over-year basis.
Tesoro Corp. (NYSE:TSO) opened at 49.95 on Thursday. Tesoro Corp. has a 52 week low of $40.90 and a 52 week high of $65.75. The stock has a 50-day moving average of $54.81 and a 200-day moving average of $51.26. The company has a market cap of $6.723 billion and a price-to-earnings ratio of 15.76.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of 0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.00%.
A number of analysts have recently weighed in on TSO shares. Analysts at Zacks reiterated a “neutral” rating on shares of Tesoro Corp. in a research note to investors on Tuesday. They now have a $54.00 price target on the stock. On a related note, analysts at Howard Weil downgraded shares of Tesoro Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, January 8th. Finally, analysts at Bank of America Corp. upgraded shares of Tesoro Corp. to a “buy” rating in a research note to investors on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $68.18.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
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