Analysts forecast that Murphy USA Inc (NYSE:MUSA) will announce $3.55 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for Murphy USA’s earnings, with estimates ranging from $3.46 billion to $3.60 billion. Murphy USA reported sales of $3.21 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 10.6%. The company is expected to announce its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Murphy USA will report full-year sales of $14.05 billion for the current fiscal year, with estimates ranging from $13.63 billion to $14.48 billion. For the next fiscal year, analysts anticipate that the business will report sales of $14.42 billion per share, with estimates ranging from $14.03 billion to $14.77 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Murphy USA.
Murphy USA (NYSE:MUSA) last posted its earnings results on Tuesday, May 1st. The specialty retailer reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.12). The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. Murphy USA had a return on equity of 23.43% and a net margin of 2.20%.
MUSA has been the subject of several research analyst reports. Zacks Investment Research lowered Murphy USA from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Stephens set a $65.00 price objective on Murphy USA and gave the stock a “hold” rating in a report on Wednesday, April 11th. Jefferies Financial Group lowered Murphy USA from a “buy” rating to a “hold” rating and set a $73.00 price objective for the company. in a report on Friday, April 13th. Finally, ValuEngine lowered Murphy USA from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $82.00.
In other news, Director Robert Madison Murphy acquired 7,450 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The stock was bought at an average price of $67.02 per share, with a total value of $499,299.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.14% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. ING Groep NV grew its holdings in Murphy USA by 18.9% during the fourth quarter. ING Groep NV now owns 4,883 shares of the specialty retailer’s stock valued at $392,000 after purchasing an additional 777 shares during the period. Reliance Trust Co. of Delaware grew its holdings in Murphy USA by 20.6% during the fourth quarter. Reliance Trust Co. of Delaware now owns 4,579 shares of the specialty retailer’s stock valued at $368,000 after purchasing an additional 781 shares during the period. Standard Life Aberdeen plc grew its holdings in Murphy USA by 4.0% during the fourth quarter. Standard Life Aberdeen plc now owns 29,616 shares of the specialty retailer’s stock valued at $2,380,000 after purchasing an additional 1,126 shares during the period. Tower Research Capital LLC TRC grew its holdings in Murphy USA by 657.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,561 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 1,355 shares during the period. Finally, King Luther Capital Management Corp grew its holdings in Murphy USA by 6.8% during the first quarter. King Luther Capital Management Corp now owns 23,664 shares of the specialty retailer’s stock valued at $1,723,000 after purchasing an additional 1,500 shares during the period. 89.38% of the stock is owned by institutional investors and hedge funds.
Shares of Murphy USA traded up $0.36, reaching $80.56, on Monday, MarketBeat Ratings reports. The company’s stock had a trading volume of 3,382,816 shares, compared to its average volume of 518,235. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.94 and a beta of 0.93. Murphy USA has a 52 week low of $61.05 and a 52 week high of $89.69. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 1.21.
About Murphy USA
Murphy USA Inc operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy USA and Murphy Express brand names. As of January 31, 2018, the company operated approximately 1,446 retail stores located primarily in the Southwest, Southeast, and Midwest United States.
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