Q1 2024 Earnings Forecast for Delek US Holdings, Inc. (NYSE:DK) Issued By Zacks Research

Delek US Holdings, Inc. (NYSE:DK) – Equities research analysts at Zacks Research cut their Q1 2024 earnings estimates for shares of Delek US in a note issued to investors on Thursday, April 25th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of ($0.57) per share for the quarter, down from their previous forecast of ($0.34). The consensus estimate for Delek US’s current full-year earnings is $1.38 per share. Zacks Research also issued estimates for Delek US’s Q2 2024 earnings at $0.81 EPS, Q4 2024 earnings at ($0.38) EPS, FY2024 earnings at $0.58 EPS, Q2 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $0.74 EPS, Q1 2026 earnings at ($0.08) EPS and FY2026 earnings at ($0.11) EPS.

A number of other research firms have also recently issued reports on DK. Scotiabank increased their target price on Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. UBS Group lifted their target price on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Citigroup started coverage on shares of Delek US in a research note on Wednesday, January 24th. They issued a “neutral” rating for the company. Mizuho boosted their price target on Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, March 22nd. Finally, Bank of America raised their price objective on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.56.

Delek US Stock Down 7.1 %

Shares of NYSE DK opened at $27.29 on Monday. The stock has a market cap of $1.75 billion, a P/E ratio of 124.05 and a beta of 1.32. The firm has a 50 day moving average price of $29.17 and a 200 day moving average price of $27.44. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99. Delek US has a 52-week low of $19.39 and a 52-week high of $33.60.

Delek US (NYSE:DK) last issued its quarterly earnings data 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 firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.55 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were given a dividend of $0.245 per share. This is a boost from Delek US’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.98 annualized dividend and a yield of 3.59%. Delek US’s dividend payout ratio is currently 445.45%.

Insider Buying and Selling at Delek US

In related news, CFO Robert G. Wright sold 2,123 shares of Delek US stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the transaction, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at $539,362.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 4,976 shares of company stock valued at $141,243 in the last ninety days. 0.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently added to or reduced their stakes in DK. AE Wealth Management LLC acquired a new position in Delek US in the 3rd quarter worth about $510,000. IFP Advisors Inc acquired a new position in shares of Delek US in the third quarter valued at approximately $28,000. SG Americas Securities LLC bought a new position in Delek US in the 3rd quarter valued at approximately $295,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Delek US during the 3rd quarter worth approximately $307,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Delek US by 35.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,129 shares of the oil and gas company’s stock worth $401,000 after acquiring an additional 3,711 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Delek US

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.