Zacks: Brokerages Anticipate Andeavor Logistics LP (ANDX) to Announce $0.63 EPS
Wall Street analysts forecast that Andeavor Logistics LP (NASDAQ:ANDX) will report earnings per share (EPS) of $0.63 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Andeavor Logistics’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.78. Andeavor Logistics reported earnings per share of $0.46 in the same quarter last year, which suggests a positive year over year growth rate of 37%. The business is expected to issue its next earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that Andeavor Logistics will report full year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.34 to $2.57. For the next financial year, analysts anticipate that the business will post earnings of $2.99 per share, with EPS estimates ranging from $2.55 to $3.29. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Andeavor Logistics.
Andeavor Logistics (NASDAQ:ANDX) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The firm had revenue of $413.00 million during the quarter, compared to analyst estimates of $441.69 million. Andeavor Logistics had a net margin of 26.63% and a return on equity of 15.11%.
A number of equities analysts have issued reports on the company. Scotiabank restated a “buy” rating and set a $59.00 price target on shares of Andeavor Logistics in a report on Thursday, August 17th. BidaskClub cut Andeavor Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Barclays PLC restated an “overweight” rating and set a $62.00 price target (down from $65.00) on shares of Andeavor Logistics in a report on Thursday, August 10th. Zacks Investment Research upgraded Andeavor Logistics from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Mitsubishi UFJ Financial Group upgraded Andeavor Logistics to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.80.
In other Andeavor Logistics news, insider Steven Sterin purchased 1,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were purchased at an average cost of $47.86 per share, for a total transaction of $47,860.00. Following the acquisition, the insider now owns 7,338 shares of the company’s stock, valued at $351,196.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Andeavor Logistics (NASDAQ ANDX) traded up 0.04% during mid-day trading on Thursday, reaching $49.33. 134,402 shares of the company’s stock traded hands. Andeavor Logistics has a 12 month low of $43.00 and a 12 month high of $60.14. The company has a market cap of $5.33 billion and a price-to-earnings ratio of 28.35. The company has a 50 day moving average of $49.44 and a 200 day moving average of $52.07.
Andeavor Logistics Company Profile
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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