Equities research analysts expect that Delek US Holdings Inc (NYSE:DK) will report sales of $2.60 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Delek US’s earnings. The highest sales estimate is $2.95 billion and the lowest is $2.25 billion. Delek US posted sales of $2.41 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The firm is expected to announce its next earnings report on Tuesday, February 18th.
According to Zacks, analysts expect that Delek US will report full-year sales of $9.35 billion for the current year, with estimates ranging from $8.82 billion to $9.97 billion. For the next fiscal year, analysts expect that the business will report sales of $10.63 billion, with estimates ranging from $8.55 billion to $13.36 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Delek US.
Delek US (NYSE:DK) last announced its quarterly earnings results on Monday, November 4th. The oil and gas company reported $0.78 earnings per share 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 business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $2.02 earnings per share. The business’s revenue for the quarter was down 15.7% on a year-over-year basis.
DK has been the subject of a number of research analyst reports. ValuEngine upgraded Delek US from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Cowen cut Delek US from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 22nd. Wells Fargo & Co dropped their price target on Delek US from $45.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. cut Delek US from a “neutral” rating to an “underweight” rating and set a $38.00 price target for the company. in a research report on Monday. Three analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Delek US currently has an average rating of “Hold” and an average target price of $43.49.
Shares of DK stock traded down $1.05 during mid-day trading on Tuesday, reaching $32.97. The stock had a trading volume of 849,713 shares, compared to its average volume of 1,290,384. Delek US has a 12-month low of $29.51 and a 12-month high of $44.08. The company has a market cap of $2.49 billion, a P/E ratio of 6.87 and a beta of 1.64. The business has a 50-day simple moving average of $36.56 and a 200 day simple moving average of $36.53. 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 business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.30 dividend. This is a positive change from Delek US’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Friday, November 15th. Delek US’s dividend payout ratio (DPR) is currently 25.00%.
In other Delek US news, CFO Assi Ginzburg sold 50,000 shares of Delek US 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 transaction, the chief financial officer now directly owns 43,525 shares in the company, valued at $1,687,899.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ezra Uzi Yemin bought 27,500 shares of Delek US stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $35.85 per share, for a total transaction of $985,875.00. Following the completion of the acquisition, the chief executive officer now owns 279,198 shares of the company’s stock, valued at approximately $10,009,248.30. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of DK. Point72 Hong Kong Ltd bought a new stake in shares of Delek US in the second quarter valued at about $28,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Delek US by 159.4% in the second quarter. Rockefeller Capital Management L.P. now owns 773 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 475 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Delek US in the second quarter valued at about $39,000. Schroder Investment Management Group bought a new stake in shares of Delek US in the second quarter valued at about $61,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Delek US in the second quarter valued at 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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