Brokerages Expect Tesoro Logistics LP (ANDX) Will Post Quarterly Sales of $454.09 Million
Analysts forecast that Tesoro Logistics LP (NYSE:ANDX) will announce sales of $454.09 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Tesoro Logistics’ earnings, with the highest sales estimate coming in at $486.00 million and the lowest estimate coming in at $436.00 million. Tesoro Logistics posted sales of $308.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 47.4%. The firm is expected to issue its next earnings report on Monday, October 30th.
On average, analysts expect that Tesoro Logistics will report full year sales of $454.09 million for the current financial year, with estimates ranging from $1.63 billion to $1.85 billion. For the next financial year, analysts expect that the firm will report sales of $1.99 billion per share, with estimates ranging from $1.76 billion to $2.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Tesoro Logistics.
A number of brokerages have issued reports on ANDX. Mitsubishi UFJ Financial Group upgraded shares of Tesoro Logistics from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a research report on Wednesday, August 16th. Morgan Stanley began coverage on shares of Tesoro Logistics in a research report on Wednesday, August 2nd. They set an “overweight” rating on the stock.
Tesoro Logistics (NYSE ANDX) opened at 49.74 on Friday. Tesoro Logistics has a 52 week low of $43.00 and a 52 week high of $60.14. The company has a market cap of $5.37 billion, a PE ratio of 28.59 and a beta of 1.11. The firm’s 50-day moving average is $49.61 and its 200-day moving average is $52.20.
About Tesoro Logistics
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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