Zacks: Analysts Anticipate Delek US Holdings Inc (NYSE:DK) to Post $0.74 EPS

Brokerages predict that Delek US Holdings Inc (NYSE:DK) will post $0.74 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Delek US’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.98. Delek US posted earnings of $2.02 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 63.4%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, November 4th.

According to Zacks, analysts expect that Delek US will report full-year earnings of $3.68 per share for the current fiscal year, with EPS estimates ranging from $3.34 to $3.91. For the next fiscal year, analysts forecast that the company will post earnings of $3.49 per share, with EPS estimates ranging from $2.00 to $4.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Delek US.

Delek US (NYSE:DK) last announced its earnings results on Monday, August 5th. The oil and gas company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.40. Delek US had a return on equity of 27.58% and a net margin of 5.51%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year.

DK has been the topic of several research reports. ValuEngine raised Delek US from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Wells Fargo & Co dropped their price target on Delek US from $45.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price target on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, September 10th. Goldman Sachs Group cut Delek US from a “neutral” rating to a “sell” rating and set a $37.00 price target on the stock. in a report on Tuesday, June 25th. Finally, Cowen cut Delek US from an “outperform” rating to a “market perform” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Delek US presently has a consensus rating of “Hold” and an average price target of $43.49.

In other Delek US news, EVP Louis Labella sold 1,200 shares of Delek US stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $44.00, for a total transaction of $52,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Frederec Green sold 6,828 shares of Delek US stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $42.00, for a total transaction of $286,776.00. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP boosted its stake in shares of Delek US by 353.4% during the 1st quarter. First Trust Advisors LP now owns 506,195 shares of the oil and gas company’s stock worth $18,436,000 after purchasing an additional 394,557 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Delek US by 150.0% during the 2nd quarter. WINTON GROUP Ltd now owns 15,030 shares of the oil and gas company’s stock worth $609,000 after purchasing an additional 9,018 shares during the last quarter. Boston Private Wealth LLC boosted its stake in shares of Delek US by 22.0% during the 2nd quarter. Boston Private Wealth LLC now owns 44,273 shares of the oil and gas company’s stock worth $1,794,000 after purchasing an additional 7,992 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Delek US by 3.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,350 shares of the oil and gas company’s stock worth $338,000 after purchasing an additional 300 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Delek US during the 2nd quarter worth about $315,000.

Shares of NYSE:DK opened at $38.31 on Wednesday. Delek US has a 12 month low of $29.51 and a 12 month high of $44.08. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 7.98 and a beta of 1.66. The stock’s 50 day moving average price is $36.21 and its 200 day moving average price is $36.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.35 and a quick ratio of 0.92.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.

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Earnings History and Estimates for Delek US (NYSE:DK)

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