Brokerages expect Delek US Holdings Inc (NYSE:DK) to report sales of $2.81 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Delek US’s earnings. The highest sales estimate is $2.86 billion and the lowest is $2.76 billion. Delek US reported sales of $2.50 billion in the same quarter last year, which would suggest a positive year over year growth rate of 12.4%. The business is expected to report its next quarterly earnings report on Tuesday, November 5th.
On average, analysts expect that Delek US will report full-year sales of $9.57 billion for the current fiscal year, with estimates ranging from $8.49 billion to $10.52 billion. For the next year, analysts anticipate that the company will report sales of $10.65 billion, with estimates ranging from $8.16 billion to $13.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Delek US.
Delek US (NYSE:DK) last announced its quarterly earnings data on Monday, August 5th. The oil and gas company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.40. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.32 billion. Delek US had a return on equity of 27.58% and a net margin of 5.51%. Delek US’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS.
Delek US stock traded down $1.48 during mid-day trading on Friday, hitting $30.80. The company’s stock had a trading volume of 949,703 shares, compared to its average volume of 1,526,159. The company has a 50 day moving average of $37.74 and a 200-day moving average of $36.58. The stock has a market cap of $2.51 billion, a PE ratio of 6.42 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 1.35. Delek US has a one year low of $29.51 and a one year high of $56.36.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be paid a dividend of $0.29 per share. This is a boost from Delek US’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, August 16th. Delek US’s dividend payout ratio is 24.17%.
In other Delek US news, EVP Louis Labella sold 1,200 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $44.00, for a total value of $52,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Frederec Green sold 6,828 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $42.00, for a total value of $286,776.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,554 shares of company stock valued at $974,576. 1.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in DK. Point72 Hong Kong Ltd acquired a new stake in Delek US during the second quarter worth about $28,000. Rockefeller Capital Management L.P. grew its holdings in Delek US by 159.4% during the second quarter. Rockefeller Capital Management L.P. now owns 773 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 475 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Delek US during the second quarter worth about $39,000. Schroder Investment Management Group acquired a new stake in Delek US during the second quarter worth about $61,000. Finally, Quantamental Technologies LLC acquired a new stake in Delek US during the second quarter worth about $77,000.
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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