$2.34 EPS Expected for Phillips 66 (NYSE:PSX) This Quarter

Share on StockTwits

Wall Street analysts predict that Phillips 66 (NYSE:PSX) will announce $2.34 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Phillips 66’s earnings, with estimates ranging from $2.06 to $2.60. Phillips 66 posted earnings of $4.87 per share during the same quarter last year, which would suggest a negative year over year growth rate of 52%. The company is expected to announce its next earnings report on Friday, February 14th.

According to Zacks, analysts expect that Phillips 66 will report full year earnings of $8.80 per share for the current fiscal year, with EPS estimates ranging from $8.48 to $9.12. For the next financial year, analysts anticipate that the business will post earnings of $10.64 per share, with EPS estimates ranging from $9.43 to $11.25. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Phillips 66.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, October 25th. The oil and gas company reported $3.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.51. Phillips 66 had a return on equity of 19.31% and a net margin of 4.17%. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $28.31 billion. During the same quarter last year, the business posted $3.10 earnings per share.

PSX has been the topic of a number of recent analyst reports. Raymond James increased their price objective on Phillips 66 from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Macquarie initiated coverage on Phillips 66 in a research report on Thursday, September 5th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. lowered their price objective on Phillips 66 from $126.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Evercore ISI initiated coverage on Phillips 66 in a research report on Wednesday, October 2nd. They set an “outperform” rating on the stock. Finally, Cowen raised their price target on Phillips 66 from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $119.80.

Shares of PSX stock traded down $0.74 on Friday, reaching $112.99. The company’s stock had a trading volume of 1,492,300 shares, compared to its average volume of 2,591,388. The company has a quick ratio of 0.84, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Phillips 66 has a 12-month low of $78.44 and a 12-month high of $119.92. The company has a market capitalization of $49.86 billion, a P/E ratio of 9.65, a PEG ratio of 1.96 and a beta of 1.11. The stock’s 50 day simple moving average is $116.07 and its 200-day simple moving average is $102.21.

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a dividend of $0.90 per share. The ex-dividend date was Friday, November 15th. This represents a $3.60 dividend on an annualized basis and a yield of 3.19%. Phillips 66’s payout ratio is 30.74%.

In other news, EVP Robert A. Herman sold 47,433 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $103.17, for a total transaction of $4,893,662.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Chukwuemeka A. Oyolu sold 464 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $119.53, for a total value of $55,461.92. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Several large investors have recently made changes to their positions in PSX. Advisors Preferred LLC bought a new position in shares of Phillips 66 during the second quarter valued at about $25,000. TRUE Private Wealth Advisors bought a new stake in shares of Phillips 66 in the second quarter worth about $26,000. Atwater Malick LLC bought a new stake in shares of Phillips 66 in the third quarter worth about $27,000. Coastal Capital Group Inc. bought a new stake in shares of Phillips 66 in the second quarter worth about $37,000. Finally, Heritage Wealth Advisors grew its stake in shares of Phillips 66 by 68.5% in the second quarter. Heritage Wealth Advisors now owns 401 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 163 shares during the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined products to market; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

Further Reading: Bear Market

Get a free copy of the Zacks research report on Phillips 66 (PSX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Phillips 66 (NYSE:PSX)

Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Janney Montgomery Scott LLC Purchases 22,288 Shares of Colgate-Palmolive
Janney Montgomery Scott LLC Purchases 22,288 Shares of Colgate-Palmolive
Janney Montgomery Scott LLC Boosts Stake in Vanguard Large-Cap ETF
Janney Montgomery Scott LLC Boosts Stake in Vanguard Large-Cap ETF
Janney Montgomery Scott LLC Trims Stock Position in Emerson Electric Co.
Janney Montgomery Scott LLC Trims Stock Position in Emerson Electric Co.
Janney Montgomery Scott LLC Has $13.87 Million Stock Holdings in First Trust Preferred Securities and Income ETF
Janney Montgomery Scott LLC Has $13.87 Million Stock Holdings in First Trust Preferred Securities and Income ETF
Squar Milner Financial Services LLC Has $91,000 Stock Position in SPDR Wells Fargo Preferred Stock ETF
Squar Milner Financial Services LLC Has $91,000 Stock Position in SPDR Wells Fargo Preferred Stock ETF
Janney Montgomery Scott LLC Acquires 8,875 Shares of iShares Select Dividend ETF
Janney Montgomery Scott LLC Acquires 8,875 Shares of iShares Select Dividend ETF


© 2006-2020 Ticker Report