Andeavor (ANDV) Expected to Announce Earnings of $1.43 Per Share
Wall Street analysts expect that Andeavor (NASDAQ:ANDV) will report earnings per share of $1.43 for the current quarter, Zacks reports. Three analysts have provided estimates for Andeavor’s earnings. The lowest EPS estimate is $0.98 and the highest is $1.90. Andeavor posted earnings of ($0.02) per share in the same quarter last year, which indicates a positive year over year growth rate of 7,250%. The business is expected to issue its next earnings report on Monday, February 5th.
According to Zacks, analysts expect that Andeavor will report full year earnings of $6.98 per share for the current year, with EPS estimates ranging from $6.44 to $7.59. For the next year, analysts forecast that the business will report earnings of $8.36 per share, with EPS estimates ranging from $7.03 to $10.08. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Andeavor.
A number of equities analysts have weighed in on the company. Evercore ISI raised Andeavor from an “in-line” rating to an “outperform” rating in a research report on Thursday, November 2nd. BidaskClub raised Andeavor from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Howard Weil downgraded Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price target on the stock. in a research report on Thursday, September 28th. Cowen and Company reissued a “buy” rating and set a $120.00 price target on shares of Andeavor in a research report on Thursday, September 28th. Finally, Scotiabank downgraded Andeavor from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $103.00 to $112.00 in a research report on Saturday, September 30th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $117.38.
Andeavor (ANDV) traded up $0.20 on Thursday, reaching $107.20. The company had a trading volume of 1,457,752 shares, compared to its average volume of 1,180,000. Andeavor has a fifty-two week low of $75.11 and a fifty-two week high of $112.21.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, November 29th.
Several institutional investors have recently bought and sold shares of the company. Bollard Group LLC acquired a new position in shares of Andeavor in the third quarter valued at approximately $123,000. Edge Wealth Management LLC acquired a new position in shares of Andeavor in the third quarter valued at approximately $128,000. Bronfman E.L. Rothschild L.P. acquired a new position in shares of Andeavor in the third quarter valued at approximately $155,000. Robecosam AG acquired a new position in shares of Andeavor in the third quarter valued at approximately $166,000. Finally, TCI Wealth Advisors Inc. acquired a new position in shares of Andeavor in the third quarter valued at approximately $191,000.
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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