Analysts expect Andeavor (NYSE:ANDV) to announce earnings per share (EPS) of $3.20 for the current quarter, Zacks reports. Four analysts have issued estimates for Andeavor’s earnings, with the lowest EPS estimate coming in at $2.64 and the highest estimate coming in at $3.50. Andeavor reported earnings of $1.96 per share during the same quarter last year, which suggests a positive year over year growth rate of 63.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 14th.
On average, analysts expect that Andeavor will report full-year earnings of $9.34 per share for the current financial year, with EPS estimates ranging from $8.15 to $11.00. For the next fiscal year, analysts anticipate that the business will post earnings of $11.90 per share, with EPS estimates ranging from $8.42 to $17.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Andeavor.
Andeavor (NYSE:ANDV) last released its quarterly earnings results on Monday, May 7th. The oil and gas company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.07. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $9.62 billion. Andeavor had a net margin of 4.27% and a return on equity of 6.51%. The company’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share.
A number of equities analysts have commented on ANDV shares. JPMorgan Chase & Co. reduced their price target on shares of Andeavor from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, April 9th. Citigroup upgraded shares of Andeavor from a “neutral” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Wednesday, February 14th. Royal Bank of Canada restated a “hold” rating and issued a $112.00 price target on shares of Andeavor in a research report on Friday, February 23rd. ValuEngine upgraded shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, Zacks Investment Research lowered shares of Andeavor from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Andeavor presently has an average rating of “Hold” and a consensus target price of $129.34.
In related news, Director Paul L. Foster sold 212,400 shares of the stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $107.47, for a total value of $22,826,628.00. Following the transaction, the director now directly owns 1,379,220 shares in the company, valued at $148,224,773.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Blane W. Peery sold 1,012 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $99.39, for a total transaction of $100,582.68. The disclosure for this sale can be found here. Insiders have sold 990,833 shares of company stock worth $124,651,728 over the last quarter. 7.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ANDV. Ffcm LLC lifted its holdings in Andeavor by 257.6% in the first quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 590 shares during the period. Ostrum Asset Management acquired a new position in Andeavor in the first quarter valued at approximately $123,000. BB&T Investment Services Inc. acquired a new position in Andeavor in the fourth quarter valued at approximately $126,000. Tower Research Capital LLC TRC lifted its holdings in Andeavor by 1,082.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,656 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 1,516 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in Andeavor in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 81.32% of the company’s stock.
Andeavor traded up $0.37, reaching $144.87, on Friday, Marketbeat.com reports. The stock had a trading volume of 60,850 shares, compared to its average volume of 1,628,803. The firm has a market cap of $22.18 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.32. Andeavor has a 1-year low of $87.29 and a 1-year high of $151.88. The company has a quick ratio of 0.64, a current ratio of 1.41 and a debt-to-equity ratio of 0.64.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.63%. Andeavor’s payout ratio is 36.48%.
Andeavor Company Profile
Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.
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