Brokerages Expect Andeavor (ANDV) Will Announce Quarterly Sales of $10.12 Billion
Equities analysts forecast that Andeavor (NASDAQ:ANDV) will report sales of $10.12 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Andeavor’s earnings, with the lowest sales estimate coming in at $7.14 billion and the highest estimate coming in at $11.85 billion. Andeavor posted sales of $6.54 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 54.7%. The firm is expected to issue its next earnings results on Monday, October 30th.
On average, analysts expect that Andeavor will report full year sales of $10.12 billion for the current year, with estimates ranging from $28.27 billion to $38.85 billion. For the next fiscal year, analysts anticipate that the business will report sales of $40.57 billion per share, with estimates ranging from $27.68 billion to $55.77 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Andeavor.
A number of analysts have recently commented on the company. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Zacks Investment Research cut Andeavor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley assumed coverage on Andeavor in a research report on Wednesday, August 2nd. They issued an “overweight” rating on the stock.
Shares of Andeavor (ANDV) opened at 101.55 on Friday. The stock has a 50 day moving average price of $97.71 and a 200 day moving average price of $88.99. Andeavor has a 52 week low of $75.11 and a 52 week high of $104.00. The stock has a market capitalization of $16.24 billion and a P/E ratio of 16.98.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.32%.
Andeavor Company Profile
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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