Brokerages forecast that Andeavor Logistics LP (NYSE:ANDX) will report $633.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Andeavor Logistics’ earnings, with the highest sales estimate coming in at $692.00 million and the lowest estimate coming in at $586.00 million. Andeavor Logistics reported sales of $535.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.4%. The company is scheduled to report its next earnings results before the market opens on Wednesday, May 8th.
According to Zacks, analysts expect that Andeavor Logistics will report full-year sales of $2.61 billion for the current year, with estimates ranging from $2.42 billion to $2.86 billion. For the next year, analysts expect that the company will post sales of $2.80 billion, with estimates ranging from $2.60 billion to $3.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Andeavor Logistics.
Andeavor Logistics (NYSE:ANDX) last posted its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07). The business had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $647.48 million. Andeavor Logistics had a return on equity of 18.11% and a net margin of 26.47%. The business’s quarterly revenue was down 44.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS.
Shares of ANDX traded down $0.01 on Friday, reaching $33.08. The company’s stock had a trading volume of 5,904 shares, compared to its average volume of 356,036. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.10. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.53 and a beta of 1.59. Andeavor Logistics has a 12-month low of $31.49 and a 12-month high of $50.82.
A number of large investors have recently added to or reduced their stakes in ANDX. Tortoise Capital Advisors L.L.C. raised its stake in Andeavor Logistics by 8.8% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 14,726,926 shares of the oil and gas company’s stock valued at $715,140,000 after purchasing an additional 1,187,861 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Andeavor Logistics during the third quarter worth approximately $106,000. LPL Financial LLC acquired a new position in Andeavor Logistics during the third quarter worth approximately $224,000. Deutsche Bank AG increased its position in Andeavor Logistics by 65.8% during the third quarter. Deutsche Bank AG now owns 602,081 shares of the oil and gas company’s stock worth $29,235,000 after buying an additional 238,871 shares during the period. Finally, Diversified Trust Co increased its position in Andeavor Logistics by 25.9% during the third quarter. Diversified Trust Co now owns 25,993 shares of the oil and gas company’s stock worth $1,262,000 after buying an additional 5,341 shares during the period. 34.40% of the stock is owned by institutional investors.
Andeavor Logistics Company Profile
Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.
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