Wall Street analysts expect Delek US Holdings, Inc. (NYSE:DK) to announce $2.25 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Delek US Holdings’ earnings. The lowest sales estimate is $2.00 billion and the highest is $2.49 billion. Delek US Holdings posted sales of $1.08 billion in the same quarter last year, which would indicate a positive year over year growth rate of 108.3%. The business is expected to report its next earnings report on Monday, October 30th.
According to Zacks, analysts expect that Delek US Holdings will report full year sales of $2.25 billion for the current financial year, with estimates ranging from $6.58 billion to $7.95 billion. For the next financial year, analysts forecast that the firm will report sales of $10.19 billion per share, with estimates ranging from $9.36 billion to $11.67 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Delek US Holdings.
Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.37. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $944.29 million. Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. Delek US Holdings’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) earnings per share.
DK has been the topic of several analyst reports. Scotiabank restated a “hold” rating and set a $26.00 price target on shares of Delek US Holdings in a report on Tuesday, April 11th. Royal Bank Of Canada restated a “buy” rating and set a $32.00 price target on shares of Delek US Holdings in a report on Thursday, April 20th. Citigroup Inc. restated a “buy” rating and set a $29.00 price target (down from $32.00) on shares of Delek US Holdings in a report on Saturday, April 22nd. Goldman Sachs Group, Inc. (The) upgraded shares of Delek US Holdings from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $30.00 in a report on Tuesday, May 16th. Finally, ValuEngine upgraded shares of Delek US Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. Delek US Holdings currently has a consensus rating of “Hold” and an average target price of $24.02.
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In related news, insider Jared Serff sold 1,136 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $26.80, for a total transaction of $30,444.80. Following the sale, the insider now directly owns 13,683 shares in the company, valued at approximately $366,704.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Assi Ginzburg sold 8,936 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $25.33, for a total transaction of $226,348.88. Following the sale, the chief financial officer now owns 94,431 shares in the company, valued at $2,391,937.23. The disclosure for this sale can be found here. Insiders have sold a total of 238,345 shares of company stock worth $6,072,096 over the last 90 days. 1.42% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in DK. First Midwest Bank Trust Division boosted its stake in shares of Delek US Holdings by 1.8% in the second quarter. First Midwest Bank Trust Division now owns 13,732 shares of the oil and gas company’s stock worth $365,000 after buying an additional 237 shares during the last quarter. Foresters Investment Management Company Inc. boosted its stake in shares of Delek US Holdings by 0.8% in the first quarter. Foresters Investment Management Company Inc. now owns 59,500 shares of the oil and gas company’s stock worth $1,444,000 after buying an additional 500 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Delek US Holdings by 6.3% in the first quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock worth $222,000 after buying an additional 545 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Delek US Holdings by 15.6% in the first quarter. Tudor Investment Corp ET AL now owns 12,342 shares of the oil and gas company’s stock worth $300,000 after buying an additional 1,666 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Delek US Holdings by 3.0% in the first quarter. Swiss National Bank now owns 81,400 shares of the oil and gas company’s stock worth $1,976,000 after buying an additional 2,400 shares during the last quarter. Institutional investors own 97.17% of the company’s stock.
Delek US Holdings (DK) opened at 23.64 on Wednesday. Delek US Holdings has a 52 week low of $14.12 and a 52 week high of $27.85. The company has a 50-day moving average of $26.25 and a 200-day moving average of $24.58. The firm’s market capitalization is $1.47 billion.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, August 21st. Delek US Holdings’s payout ratio is currently -25.86%.
Delek US Holdings Company Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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