Delek US (DK) Scheduled to Post Earnings on Tuesday

Delek US (NYSE:DK) is scheduled to be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.55 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. On average, analysts expect Delek US to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Delek US Stock Up 0.7 %

Shares of Delek US stock opened at $26.91 on Friday. The stock’s fifty day moving average is $29.10 and its 200-day moving average is $27.44. The firm has a market capitalization of $1.72 billion, a PE ratio of 122.32 and a beta of 1.34. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. Delek US has a 12-month low of $19.39 and a 12-month high of $33.60.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.25 per share. This is an increase from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.72%. Delek US’s payout ratio is currently 445.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Mizuho boosted their target price on Delek US from $26.00 to $30.00 and gave the company an “underperform” rating in a research note on Friday, March 22nd. Scotiabank boosted their target price on Delek US from $25.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. UBS Group boosted their price target on Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. TD Cowen boosted their price target on Delek US from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company boosted their price target on Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 20th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Delek US has an average rating of “Hold” and an average price target of $28.56.

Insider Activity

In other news, CFO Robert G. Wright sold 2,123 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $28.50, for a total value of $60,505.50. Following the sale, the chief financial officer now directly owns 18,925 shares in the company, valued at approximately $539,362.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 4,976 shares of company stock worth $141,243. Company insiders own 1.80% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock 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 terminal.