Phillips 66 (PSX) Scheduled to Post Earnings on Tuesday

Share on StockTwits

Phillips 66 (NYSE:PSX) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.65 per share for the quarter.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, February 8th. The oil and gas company reported $4.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $2.11. The company had revenue of $29.84 billion during the quarter, compared to analysts’ expectations of $35.51 billion. Phillips 66 had a net margin of 4.90% and a return on equity of 21.71%. During the same quarter in the prior year, the company earned $1.07 earnings per share. On average, analysts expect Phillips 66 to post $8 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Phillips 66 stock opened at $97.14 on Tuesday. The company has a market capitalization of $43.35 billion, a PE ratio of 8.30, a P/E/G ratio of 1.47 and a beta of 0.94. Phillips 66 has a twelve month low of $78.44 and a twelve month high of $123.97. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.41.

PSX has been the subject of several research analyst reports. Tudor Pickering upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Phillips 66 in a report on Thursday, January 10th. Jefferies Financial Group cut shares of Phillips 66 from a “buy” rating to a “hold” rating and upped their price target for the company from $105.00 to $107.00 in a report on Monday, April 15th. Raymond James reduced their price target on shares of Phillips 66 from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, December 31st. Finally, Citigroup upped their price target on shares of Phillips 66 from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $120.18.

In other news, Chairman Greg C. Garland sold 42,728 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $97.61, for a total value of $4,170,680.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Phillips 66 (PSX) Scheduled to Post Earnings on Tuesday” was originally reported by Highlight Press and is owned by of Highlight Press. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://highlightpress.com/2019/04/23/phillips-66-psx-scheduled-to-post-earnings-on-tuesday.html.

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.

Featured Article: Derivative

Earnings History 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.