$2.82 Billion in Sales Expected for Delek US Holdings, Inc. (NYSE:DK) This Quarter

Equities research analysts expect Delek US Holdings, Inc. (NYSE:DK – Get Rating) to post $2.82 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Delek US’s earnings. The highest sales estimate is $3.35 billion and the lowest is $2.29 billion. Delek US posted sales of $2.39 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 18%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Delek US will report full-year sales of $11.69 billion for the current financial year, with estimates ranging from $9.99 billion to $13.57 billion. For the next financial year, analysts anticipate that the company will post sales of $11.96 billion, with estimates ranging from $10.48 billion to $13.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Delek US.

Delek US (NYSE:DK – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The oil and gas company reported ($0.61) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.19. Delek US had a negative return on equity of 23.08% and a negative net margin of 1.91%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the company posted ($2.25) earnings per share. The business’s revenue was up 65.1% on a year-over-year basis.

Several analysts have weighed in on the company. Piper Sandler lowered their price objective on Delek US from $28.00 to $25.00 in a research report on Tuesday, January 25th. Zacks Investment Research upgraded Delek US from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Friday, February 4th. Cowen lowered their price objective on Delek US from $20.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, December 28th. Morgan Stanley upped their target price on Delek US from $19.00 to $25.00 and gave the company an “underweight” rating in a report on Monday. Finally, Raymond James upped their target price on Delek US from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, March 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.31.

In other news, Director Delek Us Holdings, Inc. sold 10,561 shares of the stock in a transaction on Friday, March 18th. The stock was sold at an average price of $40.27, for a total value of $425,291.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 149,007 shares of company stock worth $6,335,460. Insiders own 1.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in Delek US by 2.1% in the fourth quarter. Victory Capital Management Inc. now owns 4,779,609 shares of the oil and gas company’s stock worth $71,646,000 after purchasing an additional 98,722 shares during the last quarter. Wellington Management Group LLP boosted its position in Delek US by 4.0% in the third quarter. Wellington Management Group LLP now owns 3,962,417 shares of the oil and gas company’s stock worth $71,205,000 after purchasing an additional 150,965 shares during the last quarter. State Street Corp boosted its position in Delek US by 5.2% in the fourth quarter. State Street Corp now owns 3,252,052 shares of the oil and gas company’s stock worth $48,748,000 after purchasing an additional 159,647 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Delek US by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,239,149 shares of the oil and gas company’s stock worth $48,555,000 after purchasing an additional 35,800 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its stake in shares of Delek US by 26.2% in the third quarter. Deprince Race & Zollo Inc. now owns 1,780,993 shares of the oil and gas company’s stock worth $32,004,000 after buying an additional 370,039 shares during the period. 89.24% of the stock is currently owned by institutional investors.

DK stock traded up $0.04 during midday trading on Friday, hitting $25.22. The company had a trading volume of 27,396 shares, compared to its average volume of 1,266,013. The company has a current ratio of 0.94, a quick ratio of 0.56 and a debt-to-equity ratio of 2.24. Delek US has a 52 week low of $13.48 and a 52 week high of $26.09. The stock’s 50 day moving average price is $19.95 and its 200 day moving average price is $18.31. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -9.09 and a beta of 1.89.

About Delek US (Get Rating)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

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