Delek US Holdings, Inc. (NYSE:DK) Expected to Announce Earnings of -$0.16 Per Share

Analysts expect Delek US Holdings, Inc. (NYSE:DKGet Rating) to announce earnings per share (EPS) of ($0.16) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Delek US’s earnings, with estimates ranging from ($0.59) to $0.15. Delek US posted earnings of ($1.69) per share in the same quarter last year, which would suggest a positive year over year growth rate of 90.5%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Delek US will report full year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $0.32 to $2.84. For the next financial year, analysts forecast that the business will post earnings of $1.38 per share, with EPS estimates ranging from $0.75 to $3.22. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Delek US.

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

Several research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Delek US in a research report on Thursday, March 31st. They set a “hold” rating for the company. Bank of America upgraded shares of Delek US from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $17.00 to $21.00 in a research report on Tuesday, March 8th. Credit Suisse Group upped their price target on shares of Delek US from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, March 14th. Piper Sandler reduced their price target on shares of Delek US from $28.00 to $25.00 in a research report on Tuesday, January 25th. Finally, Morgan Stanley upped their price target on shares of Delek US from $19.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.31.

In other news, Director Delek Us Holdings, Inc. sold 6,708 shares of the firm’s stock in a transaction that occurred on Monday, January 24th. The shares were sold at an average price of $42.88, for a total transaction of $287,639.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 149,007 shares of company stock valued at $6,335,460 in the last 90 days. Insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in Delek US by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,779,609 shares of the oil and gas company’s stock valued at $71,646,000 after purchasing an additional 98,722 shares during the last quarter. Wellington Management Group LLP increased its holdings in Delek US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,962,417 shares of the oil and gas company’s stock valued at $71,205,000 after purchasing an additional 150,965 shares during the last quarter. State Street Corp increased its holdings in Delek US by 5.2% in the 4th quarter. State Street Corp now owns 3,252,052 shares of the oil and gas company’s stock valued at $48,748,000 after purchasing an additional 159,647 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Delek US by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,239,149 shares of the oil and gas company’s stock valued at $48,555,000 after purchasing an additional 35,800 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in Delek US by 26.2% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,780,993 shares of the oil and gas company’s stock valued at $32,004,000 after purchasing an additional 370,039 shares during the last quarter. Institutional investors and hedge funds own 89.24% of the company’s stock.

Shares of Delek US stock traded up $0.04 during trading hours on Thursday, reaching $25.22. The stock had a trading volume of 27,396 shares, compared to its average volume of 1,266,013. The stock’s 50 day moving average is $19.95 and its 200 day moving average is $18.31. The firm has a market capitalization of $2.23 billion, a PE ratio of -9.09 and a beta of 1.89. Delek US has a twelve month low of $13.48 and a twelve month high of $26.09. The company has a current ratio of 0.94, a quick ratio of 0.56 and a debt-to-equity ratio of 2.24.

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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