Analysts expect Delek US Holdings Inc (NYSE:DK) to post $2.73 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Delek US’s earnings. The highest sales estimate is $2.86 billion and the lowest is $2.61 billion. Delek US reported sales of $2.50 billion in the same quarter last year, which would suggest a positive year over year growth rate of 9.2%. The company is expected to announce its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Delek US will report full-year sales of $9.46 billion for the current year, with estimates ranging from $8.49 billion to $10.52 billion. For the next financial year, analysts anticipate that the business will post sales of $10.40 billion, with estimates ranging from $8.16 billion to $13.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Delek US.

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

A number of brokerages recently commented on DK. Goldman Sachs Group lowered Delek US from a “neutral” rating to a “sell” rating and set a $37.00 price target for the company. in a research note on Tuesday, June 25th. Cowen lowered Delek US from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. dropped their price target on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, September 10th. Finally, ValuEngine raised Delek US from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Delek US has an average rating of “Hold” and a consensus target price of $45.37.

In related news, COO Frederec Green sold 11,526 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $40.76, for a total transaction of $469,799.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Avigal Soreq sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $41.30, for a total value of $165,200.00. The disclosure for this sale can be found here. Insiders sold a total of 23,554 shares of company stock valued at $974,576 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new stake in shares of Delek US during the 2nd quarter worth approximately $28,000. Rockefeller Capital Management L.P. lifted its stake in shares of Delek US by 159.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 773 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 475 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Delek US during the 2nd quarter worth approximately $39,000. Schroder Investment Management Group bought a new stake in shares of Delek US during the 2nd quarter worth approximately $61,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Delek US during the 2nd quarter worth approximately $77,000.

Delek US stock traded up $1.86 during midday trading on Monday, reaching $37.72. 2,361,892 shares of the stock traded hands, compared to its average volume of 1,338,241. The stock’s fifty day moving average is $34.99 and its 200-day moving average is $36.52. Delek US has a 12 month low of $29.51 and a 12 month high of $47.00. The stock has a market cap of $2.75 billion, a P/E ratio of 7.86 and a beta of 1.66. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 1.06.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.08%. This is a positive change from Delek US’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, August 16th. Delek US’s dividend payout ratio (DPR) is presently 24.17%.

About Delek US

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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