Delek US (DK) to Release Earnings on Tuesday

Delek US (NYSE:DK) will be posting its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect Delek US to post earnings of $0.77 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Delek US (NYSE:DK) last released its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.15. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the business posted $1.37 EPS. Delek US’s revenue for the quarter was down 17.8% on a year-over-year basis. On average, analysts expect Delek US to post $-3 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Delek US Stock Performance

Shares of DK opened at $21.82 on Monday. The firm has a market cap of $1.40 billion, a P/E ratio of -17.60 and a beta of 1.19. Delek US has a twelve month low of $21.15 and a twelve month high of $33.60. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.64 and a current ratio of 1.04. The firm’s 50 day moving average price is $23.95 and its two-hundred day moving average price is $26.75.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 12th will be given a $0.255 dividend. This is a boost from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Monday, August 12th. Delek US’s payout ratio is currently -80.65%.

Analysts Set New Price Targets

Several analysts have issued reports on DK shares. TD Cowen downgraded Delek US from a “hold” rating to a “sell” rating and dropped their price target for the company from $25.00 to $20.00 in a research note on Monday, June 10th. Mizuho dropped their target price on Delek US from $31.00 to $27.00 and set an “underperform” rating on the stock in a research report on Thursday, June 20th. Wolfe Research began coverage on Delek US in a research report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Delek US from $25.00 to $20.00 and set an “underweight” rating on the stock in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Delek US from $25.00 to $23.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Delek US presently has a consensus rating of “Hold” and a consensus price target of $25.50.

Insider Buying and Selling at Delek US

In other Delek US news, Director Richard J. Marcogliese purchased 2,750 shares of Delek US stock in a transaction that occurred on Wednesday, June 12th. The stock was acquired at an average price of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the acquisition, the director now owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,854 shares of company stock worth $71,078 over the last quarter. 1.80% of the stock is currently owned by insiders.

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.