Brokerages expect that Delek US Holdings Inc (NYSE:DK) will report sales of $2.64 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Delek US’s earnings, with the highest sales estimate coming in at $2.98 billion and the lowest estimate coming in at $2.29 billion. Delek US reported sales of $2.41 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 18th.
On average, analysts expect that Delek US will report full-year sales of $9.39 billion for the current year, with estimates ranging from $8.86 billion to $9.99 billion. For the next fiscal year, analysts expect that the company will report sales of $10.75 billion, with estimates ranging from $8.87 billion to $13.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Delek US.
Delek US (NYSE:DK) last released its quarterly earnings results on Monday, November 4th. The oil and gas company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. Delek US had a return on equity of 21.48% and a net margin of 4.24%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the company posted $2.02 EPS. The business’s revenue was down 15.7% on a year-over-year basis.
In related news, CFO Assi Ginzburg sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $38.78, for a total transaction of $1,939,000.00. Following the sale, the chief financial officer now owns 43,525 shares in the company, valued at approximately $1,687,899.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Avigal Soreq sold 3,967 shares of the company’s 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 in the company, valued at approximately $987,597.92. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in shares of Delek US during the 2nd quarter valued at about $28,000. Rockefeller Capital Management L.P. raised its stake in Delek US by 159.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 773 shares of the oil and gas company’s stock worth $31,000 after buying an additional 475 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Delek US during the 2nd quarter worth approximately $39,000. Schroder Investment Management Group acquired a new position in Delek US during the 2nd quarter worth approximately $61,000. Finally, Quantamental Technologies LLC acquired a new position in Delek US during the 2nd quarter worth approximately $77,000.
Shares of NYSE DK traded down $1.03 during trading on Friday, reaching $35.54. The company had a trading volume of 1,073,746 shares, compared to its average volume of 1,303,630. The company’s fifty day moving average price is $37.40 and its 200-day moving average price is $36.73. Delek US has a 12 month low of $29.51 and a 12 month high of $44.08. The stock has a market cap of $2.62 billion, a P/E ratio of 7.40 and a beta of 1.68. The company has a quick ratio of 0.88, a current ratio of 1.29 and a debt-to-equity ratio of 1.12.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.30 per share. This is a positive change from Delek US’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.38%. Delek US’s dividend payout ratio is presently 25.00%.
About Delek US
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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