Phillips 66 (NYSE:PSX) Expected to Announce Earnings of $1.42 Per Share

Analysts expect Phillips 66 (NYSE:PSX) to report earnings per share (EPS) of $1.42 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Phillips 66’s earnings, with the lowest EPS estimate coming in at $0.89 and the highest estimate coming in at $1.90. Phillips 66 posted earnings of $0.40 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 255%. The company is expected to issue its next quarterly earnings results on Tuesday, May 5th.

According to Zacks, analysts expect that Phillips 66 will report full year earnings of $9.72 per share for the current year, with EPS estimates ranging from $8.45 to $10.85. For the next fiscal year, analysts anticipate that the company will report earnings of $9.89 per share, with EPS estimates ranging from $8.08 to $12.00. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Phillips 66.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.01. The business had revenue of $29.61 billion during the quarter, compared to the consensus estimate of $27.30 billion. Phillips 66 had a return on equity of 13.52% and a net margin of 2.81%. During the same quarter in the previous year, the business earned $4.87 earnings per share.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reissued a “hold” rating and set a $106.00 price target on shares of Phillips 66 in a research report on Monday, February 3rd. Cowen lowered their price objective on Phillips 66 from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Citigroup lowered their price objective on Phillips 66 from $135.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, January 17th. ValuEngine raised Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, Bank of America downgraded Phillips 66 from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $119.00.

Shares of NYSE:PSX traded down $1.57 during midday trading on Friday, reaching $88.77. The company’s stock had a trading volume of 400,199 shares, compared to its average volume of 2,816,743. The firm has a market cap of $40.11 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.12. 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 1 year low of $80.24 and a 1 year high of $119.92. The business has a 50 day moving average price of $100.98 and a 200 day moving average price of $105.74.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 18th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, February 14th. Phillips 66’s dividend payout ratio (DPR) is presently 44.72%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allred Capital Management LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at about $27,000. Lighthouse Financial Advisors Inc. bought a new position in Phillips 66 during the fourth quarter worth about $30,000. Savior LLC bought a new position in Phillips 66 during the fourth quarter worth about $32,000. JFS Wealth Advisors LLC lifted its stake in Phillips 66 by 56.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 317 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 115 shares during the period. Finally, Firestone Capital Management bought a new position in Phillips 66 during the fourth quarter worth about $35,000. 68.59% of the stock is currently owned by institutional investors and hedge funds.

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.

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