Wall Street analysts expect Andeavor Logistics LP (NYSE:ANDX) to post earnings per share (EPS) of $0.71 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Andeavor Logistics’ earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.74. Andeavor Logistics posted earnings per share of $0.63 during the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The company is expected to issue its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that Andeavor Logistics will report full year earnings of $2.83 per share for the current financial year, with EPS estimates ranging from $2.63 to $3.04. For the next fiscal year, analysts forecast that the company will post earnings of $3.18 per share, with EPS estimates ranging from $2.99 to $3.53. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Andeavor Logistics.

Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.09). Andeavor Logistics had a return on equity of 17.60% and a net margin of 26.18%. The firm had revenue of $630.00 million during the quarter, compared to analyst estimates of $639.64 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Andeavor Logistics’s quarterly revenue was up 15.4% compared to the same quarter last year.

Several equities analysts recently commented on ANDX shares. ValuEngine cut shares of Andeavor Logistics from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of Andeavor Logistics in a research note on Wednesday, May 8th. Finally, Credit Suisse Group upgraded shares of Andeavor Logistics from an “underperform” rating to a “neutral” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.30.

Shares of Andeavor Logistics stock traded down $0.26 on Friday, reaching $35.29. The stock had a trading volume of 310,107 shares, compared to its average volume of 570,269. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 1.37 and a beta of 1.55. Andeavor Logistics has a fifty-two week low of $31.49 and a fifty-two week high of $50.82. 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 also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, May 9th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 11.67%. The ex-dividend date of this dividend is Wednesday, May 8th. Andeavor Logistics’s payout ratio is 160.31%.

A number of large investors have recently modified their holdings of the business. Marshall Wace LLP raised its holdings in Andeavor Logistics by 45.4% during the 3rd quarter. Marshall Wace LLP now owns 27,209 shares of the oil and gas company’s stock worth $1,321,000 after buying an additional 8,502 shares during the period. Stephens Inc. AR raised its stake in Andeavor Logistics by 167.3% during the fourth quarter. Stephens Inc. AR now owns 37,126 shares of the oil and gas company’s stock worth $1,206,000 after acquiring an additional 23,239 shares in the last quarter. Conning Inc. raised its stake in Andeavor Logistics by 14.9% during the first quarter. Conning Inc. now owns 72,734 shares of the oil and gas company’s stock worth $2,565,000 after acquiring an additional 9,438 shares in the last quarter. Castleark Management LLC raised its stake in Andeavor Logistics by 50.2% during the fourth quarter. Castleark Management LLC now owns 80,788 shares of the oil and gas company’s stock worth $2,625,000 after acquiring an additional 26,990 shares in the last quarter. Finally, Cohen & Steers Inc. raised its stake in Andeavor Logistics by 169.4% during the fourth quarter. Cohen & Steers Inc. now owns 268,761 shares of the oil and gas company’s stock worth $8,732,000 after acquiring an additional 169,008 shares in the last quarter. 34.67% of the stock is currently owned by hedge funds and other institutional investors.

About Andeavor Logistics

Andeavor Logistics LP operates as a diversified midstream company in the United States. The company's Terminalling and Transportation segment comprises the Northwest pipeline system, 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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Earnings History and Estimates for Andeavor Logistics (NYSE:ANDX)

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