Equities research analysts expect Andeavor Logistics LP (NYSE:ANDX) to announce sales of $632.33 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Andeavor Logistics’ earnings. The lowest sales estimate is $597.00 million and the highest is $657.00 million. Andeavor Logistics reported sales of $557.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.5%. The company is expected to announce its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that Andeavor Logistics will report full-year sales of $2.55 billion for the current fiscal year, with estimates ranging from $2.42 billion to $2.63 billion. For the next fiscal year, analysts expect that the business will report sales of $2.74 billion, with estimates ranging from $2.60 billion to $2.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Andeavor Logistics.

Andeavor Logistics (NYSE:ANDX) last posted its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.09). The company had revenue of $630.00 million during the quarter, compared to analysts’ expectations of $639.64 million. Andeavor Logistics had a return on equity of 17.19% and a net margin of 26.18%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of Andeavor Logistics from a “strong sell” rating to a “sell” rating in a report on Monday. Zacks Investment Research cut shares of Andeavor Logistics from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Credit Suisse Group raised shares of Andeavor Logistics from an “underperform” rating to a “neutral” rating in a report on Monday. Finally, Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Andeavor Logistics in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.30.

Shares of NYSE ANDX traded down $0.39 during midday trading on Friday, reaching $35.58. The company had a trading volume of 509,100 shares, compared to its average volume of 641,282. The stock has a market cap of $8.74 billion, a P/E ratio of 13.84, a P/E/G ratio of 1.44 and a beta of 1.55. Andeavor Logistics has a 1 year low of $31.49 and a 1 year high of $50.82. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.16.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, May 9th were paid a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 11.58%. Andeavor Logistics’s payout ratio is currently 160.31%.

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP grew its position in Andeavor Logistics by 45.4% during the third quarter. Marshall Wace LLP now owns 27,209 shares of the oil and gas company’s stock valued at $1,321,000 after buying an additional 8,502 shares during the period. Stephens Inc. AR grew its position 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 valued at $1,206,000 after buying an additional 23,239 shares during the period. Conning Inc. grew its position 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 valued at $2,565,000 after buying an additional 9,438 shares during the period. Castleark Management LLC grew its position 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 valued at $2,625,000 after buying an additional 26,990 shares during the period. Finally, Cohen & Steers Inc. grew its position 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 valued at $8,732,000 after buying an additional 169,008 shares during the period. Hedge funds and other institutional investors own 33.64% of the company’s stock.

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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