Zacks: Brokerages Anticipate Tesoro Logistics LP (ANDX) to Announce $0.63 EPS
Wall Street brokerages expect Tesoro Logistics LP (NYSE:ANDX) to post earnings of $0.63 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Tesoro Logistics’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.78. Tesoro Logistics reported earnings of $0.46 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 37%. The firm is scheduled to report its next earnings results on Monday, October 30th.
According to Zacks, analysts expect that Tesoro Logistics will report full year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.34 to $2.57. For the next financial year, analysts anticipate that the business will report earnings of $2.99 per share, with EPS estimates ranging from $2.55 to $3.29. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Tesoro Logistics.
Several equities analysts have recently issued reports on ANDX shares. Morgan Stanley began coverage on shares of Tesoro Logistics in a report on Wednesday, August 2nd. They issued an “overweight” rating for the company. Mitsubishi UFJ Financial Group upgraded shares of Tesoro Logistics from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a report on Wednesday, August 16th.
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Shares of Tesoro Logistics (ANDX) traded up 0.02% on Friday, hitting $47.64. The stock had a trading volume of 257,518 shares. Tesoro Logistics has a 1-year low of $43.00 and a 1-year high of $60.14. The firm has a 50 day moving average of $49.44 and a 200-day moving average of $52.07. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 27.38 and a beta of 1.11.
Tesoro Logistics Company Profile
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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