Zacks: Analysts Anticipate Andeavor (ANDV) to Announce $1.28 Earnings Per Share
Wall Street brokerages expect Andeavor (NYSE:ANDV) to report earnings per share (EPS) of $1.28 for the current quarter, according to Zacks. Four analysts have issued estimates for Andeavor’s earnings, with estimates ranging from $1.05 to $1.76. Andeavor reported earnings per share of ($0.02) during the same quarter last year, which suggests a positive year-over-year growth rate of 6,500%. The company is expected to announce its next earnings report after the market closes on Thursday, February 15th.
On average, analysts expect that Andeavor will report full year earnings of $6.64 per share for the current fiscal year, with EPS estimates ranging from $6.61 to $6.66. For the next financial year, analysts expect that the company will post earnings of $9.83 per share, with EPS estimates ranging from $8.35 to $12.03. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Andeavor.
Andeavor (NYSE:ANDV) last posted its earnings results on Wednesday, November 8th. The oil and gas company reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.03 by ($0.33). Andeavor had a net margin of 2.35% and a return on equity of 7.15%. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.94 billion. Andeavor’s revenue for the quarter was up 50.3% compared to the same quarter last year.
In other news, EVP Keith M. Casey sold 9,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $103.60, for a total transaction of $932,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael E. Wiley sold 700 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $106.24, for a total value of $74,368.00. Following the transaction, the director now directly owns 41,850 shares of the company’s stock, valued at $4,446,144. The disclosure for this sale can be found here. Insiders have sold 220,888 shares of company stock valued at $25,052,384 over the last ninety days. 0.86% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boston Partners bought a new stake in Andeavor during the third quarter worth about $773,141,000. Bank of New York Mellon Corp bought a new stake in Andeavor during the third quarter worth about $403,103,000. Dimensional Fund Advisors LP bought a new stake in Andeavor during the third quarter worth about $333,346,000. Hotchkis & Wiley Capital Management LLC bought a new stake in Andeavor during the third quarter worth about $214,005,000. Finally, Prudential Financial Inc. bought a new stake in Andeavor during the third quarter worth about $150,513,000. Institutional investors and hedge funds own 78.86% of the company’s stock.
Andeavor (NYSE:ANDV) traded up $0.13 during trading hours on Wednesday, reaching $118.35. The company’s stock had a trading volume of 1,480,000 shares, compared to its average volume of 1,420,000. Andeavor has a 1 year low of $75.11 and a 1 year high of $121.71. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $18,460.00, a PE ratio of 24.25, a price-to-earnings-growth ratio of 0.66 and a beta of 1.55.
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Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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