Murphy USA (NYSE:MUSA) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Murphy USA (NYSE:MUSA) released its quarterly earnings data on Wednesday. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.15), Briefing.com reports. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.56 billion. Murphy USA had a net margin of 1.26% and a return on equity of 23.79%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS.

MUSA traded down $0.03 during trading hours on Friday, hitting $85.28. The company’s stock had a trading volume of 509,924 shares, compared to its average volume of 217,925. The firm has a 50-day moving average of $85.22. Murphy USA has a 12 month low of $69.98 and a 12 month high of $89.38. The firm has a market cap of $2.84 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 7.00 and a beta of 0.74. The company has a current ratio of 1.15, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05.

Several research firms have recently issued reports on MUSA. Zacks Investment Research upgraded shares of Murphy USA from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Monday, July 8th. ValuEngine cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, TheStreet upgraded shares of Murphy USA from a “c+” rating to a “b+” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $84.00.

In related news, Director Claiborne P. Deming sold 13,330 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $84.08, for a total value of $1,120,786.40. Following the sale, the director now owns 250,286 shares in the company, valued at $21,044,046.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John A. Moore sold 1,084 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $86.09, for a total transaction of $93,321.56. Following the completion of the sale, the senior vice president now owns 28,367 shares in the company, valued at approximately $2,442,115.03. The disclosure for this sale can be found here. Insiders own 6.52% of the company’s stock.

About Murphy USA

Murphy USA Inc operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy USA and Murphy Express brand names. As of December 31, 2018, the company operated approximately 1,474 retail stores, including 1,160 Murphy USA and 312 are standalone Murphy Express stores located primarily in the Southwest, Southeast, and Midwest United States.

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Earnings History for Murphy USA (NYSE:MUSA)

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