Delek US (DK) to Release Quarterly Earnings on Tuesday

Delek US (NYSE:DK) is set to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. Delek US’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. 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 Price Performance

DK opened at $26.91 on Monday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99. Delek US has a 52-week low of $19.39 and a 52-week high of $33.60. The stock has a market capitalization of $1.72 billion, a PE ratio of 122.32 and a beta of 1.34. The stock’s 50 day moving average price is $29.10 and its 200-day moving average price is $27.44.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a dividend yield of 3.72%. Delek US’s payout ratio is 445.45%.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the sale, the chief financial officer now owns 18,925 shares in the company, valued at $539,362.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 4,976 shares of company stock worth $141,243 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DK shares. StockNews.com lowered Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Citigroup began coverage on Delek US in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Wells Fargo & Company boosted their target price on Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, March 20th. UBS Group boosted their target price on Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, Mizuho boosted their target price on Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Delek US has a consensus rating of “Hold” and an average price target of $28.56.

About Delek US

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.