Phillips 66 (NYSE:PSX) Scheduled to Post Earnings on Tuesday
Phillips 66 (NYSE:PSX) will post its quarterly earnings results before the market opens on Tuesday, August 1st. Analysts expect Phillips 66 to post earnings of $1.05 per share for the quarter.
Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, April 28th. The oil and gas company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.03 by $0.53. The company had revenue of $23.71 billion during the quarter, compared to analyst estimates of $22.30 billion. Phillips 66 had a return on equity of 5.98% and a net margin of 1.86%. During the same quarter last year, the firm earned $0.67 EPS. On average, analysts expect Phillips 66 to post $4.14 EPS for the current fiscal year and $5.65 EPS for the next fiscal year.
Shares of Phillips 66 (NYSE PSX) traded up 0.73% on Thursday, hitting $84.31. The stock had a trading volume of 1,226,729 shares. The stock has a market cap of $43.51 billion, a P/E ratio of 26.16 and a beta of 1.23. The firm’s 50-day moving average is $81.24 and its 200 day moving average is $79.70. Phillips 66 has a 1-year low of $73.82 and a 1-year high of $88.87.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 3.35%. Phillips 66’s dividend payout ratio (DPR) is 86.96%.
Several equities analysts have commented on the company. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $84.00 price target on shares of Phillips 66 in a report on Friday, July 14th. Zacks Investment Research cut Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Scotiabank reaffirmed a “hold” rating and issued a $86.00 price target on shares of Phillips 66 in a report on Tuesday, June 27th. Finally, BidaskClub raised Phillips 66 from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Phillips 66 has an average rating of “Hold” and a consensus price target of $84.12.
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Phillips 66 Company Profile
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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