Analysts Anticipate Aegean Marine Petroleum Network Inc. (ANW) to Post $0.36 EPS
Brokerages expect Aegean Marine Petroleum Network Inc. (NYSE:ANW) to announce earnings per share of $0.36 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Aegean Marine Petroleum Network’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.32. Aegean Marine Petroleum Network reported earnings per share of $0.24 in the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The business is scheduled to announce its next earnings report on Tuesday, May 23rd.
On average, analysts expect that Aegean Marine Petroleum Network will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.46 to $1.80. For the next year, analysts expect that the business will post earnings of $1.87 per share, with EPS estimates ranging from $1.72 to $2.10. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Aegean Marine Petroleum Network.
Aegean Marine Petroleum Network (NYSE:ANW) last posted its earnings results on Wednesday, March 1st. The oil and gas company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Aegean Marine Petroleum Network had a net margin of 1.20% and a return on equity of 9.48%. The firm earned $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis.
Several analysts have weighed in on ANW shares. Clarkson Capital reiterated a “neutral” rating on shares of Aegean Marine Petroleum Network in a research note on Tuesday, January 10th. Zacks Investment Research lowered shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research note on Tuesday, January 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $18.00 target price (up previously from $17.00) on shares of Aegean Marine Petroleum Network in a research note on Saturday, March 11th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $14.67.
Several institutional investors have recently added to or reduced their stakes in ANW. FMR LLC raised its position in Aegean Marine Petroleum Network by 10.6% in the fourth quarter. FMR LLC now owns 1,805,419 shares of the oil and gas company’s stock valued at $18,325,000 after buying an additional 172,858 shares in the last quarter. Oxford Asset Management raised its position in Aegean Marine Petroleum Network by 38.0% in the fourth quarter. Oxford Asset Management now owns 356,423 shares of the oil and gas company’s stock valued at $3,618,000 after buying an additional 98,097 shares in the last quarter. State Street Corp raised its position in Aegean Marine Petroleum Network by 11.3% in the fourth quarter. State Street Corp now owns 21,708 shares of the oil and gas company’s stock valued at $220,000 after buying an additional 2,212 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Aegean Marine Petroleum Network during the fourth quarter valued at approximately $574,000. Finally, DW Partners LP purchased a new position in Aegean Marine Petroleum Network during the third quarter valued at approximately $1,994,000. Institutional investors and hedge funds own 70.50% of the company’s stock.
Aegean Marine Petroleum Network (NYSE:ANW) remained flat at $11.60 during trading on Tuesday. 273,619 shares of the stock were exchanged. Aegean Marine Petroleum Network has a one year low of $5.00 and a one year high of $13.10. The company’s 50 day moving average price is $11.51 and its 200-day moving average price is $10.55. The firm has a market cap of $436.30 million, a PE ratio of 10.18 and a beta of 2.86.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 15th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, March 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.69%. Aegean Marine Petroleum Network’s dividend payout ratio is currently 8.60%.
Aegean Marine Petroleum Network Company Profile
Aegean Marine Petroleum Network Inc is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels in port, at sea and on rivers. As a physical supplier, the Company procures marine fuel from refineries, oil producers and other sources, and resells and delivers these fuels from its bunkering vessels to a range of end users.
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