Wall Street brokerages expect that Delek US Holdings Inc (NYSE:DK) will announce $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Delek US’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.50. Delek US posted earnings per share of $1.59 during the same quarter last year, which suggests a negative year-over-year growth rate of 79.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 18th.
On average, analysts expect that Delek US will report full year earnings of $3.52 per share for the current financial year, with EPS estimates ranging from $3.34 to $3.65. For the next financial year, analysts forecast that the firm will post earnings of $3.16 per share, with EPS estimates ranging from $1.70 to $3.72. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Delek US.
Delek US (NYSE:DK) last released its earnings results on Monday, November 4th. The oil and gas company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.10. Delek US had a return on equity of 21.48% and a net margin of 4.24%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm earned $2.02 earnings per share. The firm’s revenue was down 15.7% on a year-over-year basis.
Several equities analysts have recently commented on the company. Wells Fargo & Co reduced their price objective on Delek US from $45.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. JPMorgan Chase & Co. dropped their target price on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, September 10th. Cowen lowered Delek US from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 22nd. Finally, ValuEngine upgraded shares of Delek US from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $43.49.
DK opened at $34.29 on Friday. The stock has a 50-day moving average price of $37.11 and a 200-day moving average price of $36.59. Delek US has a 12-month low of $29.51 and a 12-month high of $44.08. The company has a current ratio of 1.29, a quick ratio of 0.88 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.55 billion, a P/E ratio of 7.14 and a beta of 1.65.
The firm 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 $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.50%. This is a positive change from Delek US’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 15th. Delek US’s dividend payout ratio is presently 25.00%.
In related news, CEO Ezra Uzi Yemin bought 27,500 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $35.85 per share, with a total value of $985,875.00. Following the purchase, the chief executive officer now owns 279,198 shares in the company, valued at approximately $10,009,248.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Avigal Soreq sold 3,967 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $38.41, for a total value of $152,372.47. Following the sale, the executive vice president now owns 25,712 shares of the company’s stock, valued at $987,597.92. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Jennison Associates LLC purchased a new position in shares of Delek US in the second quarter worth $7,564,000. Massachusetts Financial Services Co. MA increased its position in shares of Delek US by 12.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 46,112 shares of the oil and gas company’s stock valued at $1,674,000 after acquiring an additional 5,201 shares during the period. Hancock Whitney Corp purchased a new position in shares of Delek US in the third quarter valued at about $912,000. Janus Henderson Group PLC raised its stake in shares of Delek US by 82.4% during the second quarter. Janus Henderson Group PLC now owns 1,276,278 shares of the oil and gas company’s stock valued at $51,715,000 after acquiring an additional 576,457 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Delek US by 22.2% during the third quarter. Stifel Financial Corp now owns 339,425 shares of the oil and gas company’s stock worth $12,344,000 after purchasing an additional 61,719 shares during the period.
Delek US Company Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
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