Phillips 66 (PSX) to Release Earnings on Wednesday
Phillips 66 (NYSE:PSX) is scheduled to be releasing its Q114 earnings data on Wednesday, April 30th. Analysts expect Phillips 66 to post earnings of $1.34 per share and revenue of $42.90 billion for the quarter. Investors that are interested in registering for the company’s earnings conference call can do so using this link.
Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.30. During the same quarter last year, the company posted $2.06 earnings per share. On average, analysts expect Phillips 66 to post $7.09 EPS for the current fiscal year and $7.90 EPS for the next fiscal year.
Phillips 66 (NYSE:PSX) opened at 84.05 on Tuesday. Phillips 66 has a 52 week low of $54.80 and a 52 week high of $84.40. The stock’s 50-day moving average is $79.2 and its 200-day moving average is $73.28. The company has a market cap of $49.390 billion and a price-to-earnings ratio of 13.72.
A number of analysts have recently weighed in on PSX shares. Analysts at TheStreet upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. On a related note, analysts at Tudor Pickering downgraded shares of Phillips 66 from a “buy” rating to an “accumulate” rating in a research note on Tuesday, April 15th. Finally, analysts at UBS AG raised their price target on shares of Phillips 66 to $92.00 in a research note on Friday, April 11th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $83.30.
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses.
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