Delek US (DK) Scheduled to Post Earnings on Tuesday

Delek US (NYSE:DK) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Delek US to post earnings of ($0.27) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.28) by ($0.18). Delek US had a net margin of 0.12% and a return on equity of 18.27%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the company earned $0.88 EPS. The business’s revenue was down 9.6% compared to the same quarter last year. On average, analysts expect Delek US to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Delek US Stock Up 0.1 %

Shares of DK opened at $29.38 on Tuesday. The firm has a fifty day moving average price of $29.17 and a 200-day moving average price of $27.43. The company has a current ratio of 0.99, a quick ratio of 0.63 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $1.88 billion, a P/E ratio of 133.55 and a beta of 1.32. Delek US has a 12-month low of $19.39 and a 12-month high of $33.60.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were issued a dividend of $0.245 per share. This is a positive change from Delek US’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 29th. This represents a $0.98 dividend on an annualized basis and a yield of 3.34%. Delek US’s dividend payout ratio (DPR) is presently 445.45%.

Wall Street Analyst Weigh In

DK has been the topic of a number of research reports. Bank of America raised their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. 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. StockNews.com cut Delek US from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. TD Cowen raised their price target on Delek US from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Finally, Scotiabank upped their price objective on shares of Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.56.

Insider Transactions at Delek US

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total transaction of $60,505.50. Following the completion of the sale, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at $539,362.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 4,976 shares of company stock valued at $141,243. Corporate insiders own 0.35% of the company’s stock.

Delek US Company Profile

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.