Brokerages expect that Delek US Holdings Inc (NYSE:DK) will announce earnings of $1.17 per share for the current quarter, Zacks reports. Two analysts have made estimates for Delek US’s earnings, with the lowest EPS estimate coming in at $0.95 and the highest estimate coming in at $1.44. Delek US posted earnings of $2.02 per share in the same quarter last year, which suggests a negative year over year growth rate of 42.1%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Delek US will report full-year earnings of $4.00 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $4.33. For the next fiscal year, analysts forecast that the business will report earnings of $3.87 per share, with EPS estimates ranging from $3.00 to $4.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Delek US.

Delek US (NYSE:DK) last posted its quarterly earnings results on Monday, August 5th. The oil and gas company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.40. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.32 billion. Delek US had a net margin of 5.51% and a return on equity of 27.65%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share.

A number of equities research analysts have recently weighed in on the stock. Goldman Sachs Group downgraded shares of Delek US from a “neutral” rating to a “sell” rating and set a $37.00 price target on the stock. in a research note on Tuesday, June 25th. ValuEngine lowered shares of Delek US from a “hold” rating to a “sell” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.62.

Shares of DK stock traded down $0.48 on Thursday, hitting $30.38. The company’s stock had a trading volume of 1,196,100 shares, compared to its average volume of 1,345,622. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.48. The stock’s 50 day moving average is $39.05 and its 200-day moving average is $36.67. Delek US has a fifty-two week low of $29.51 and a fifty-two week high of $56.36. The company has a market capitalization of $2.29 billion, a PE ratio of 6.33 and a beta of 1.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th will be issued a dividend of $0.29 per share. This is a positive change from Delek US’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 16th. This represents a $1.16 annualized dividend and a dividend yield of 3.82%. Delek US’s payout ratio is presently 23.33%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Vanguard Group Inc. boosted its position in Delek US by 2.1% in the second quarter. Vanguard Group Inc. now owns 8,200,245 shares of the oil and gas company’s stock worth $332,274,000 after purchasing an additional 171,948 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Delek US by 417.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,611,572 shares of the oil and gas company’s stock valued at $186,860,000 after purchasing an additional 3,720,516 shares during the period. Menora Mivtachim Holdings LTD. raised its stake in Delek US by 2.5% during the 1st quarter. Menora Mivtachim Holdings LTD. now owns 3,788,981 shares of the oil and gas company’s stock valued at $137,995,000 after purchasing an additional 92,311 shares during the period. JPMorgan Chase & Co. increased its stake in Delek US by 143.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,234,761 shares of the oil and gas company’s stock worth $86,910,000 after acquiring an additional 1,318,067 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Delek US by 5.6% in the 2nd quarter. Northern Trust Corp now owns 1,970,995 shares of the oil and gas company’s stock worth $79,865,000 after acquiring an additional 104,801 shares during the last quarter.

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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