Delek US Holdings, Inc. (NYSE:DK) Forecasted to Post Q2 2024 Earnings of $0.84 Per Share

Delek US Holdings, Inc. (NYSE:DK - Free Report) - Research analysts at Zacks Research lifted their Q2 2024 earnings estimates for Delek US in a research report issued on Wednesday, April 3rd. Zacks Research analyst T. Saha now forecasts that the oil and gas company will post earnings of $0.84 per share for the quarter, up from their prior forecast of $0.72. The consensus estimate for Delek US's current full-year earnings is $1.43 per share. Zacks Research also issued estimates for Delek US's Q3 2024 earnings at $0.85 EPS, Q4 2024 earnings at ($0.35) EPS, FY2024 earnings at $1.08 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.30) EPS and FY2025 earnings at $0.50 EPS.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company raised their target price on Delek US from $21.00 to $26.00 and gave the company an "underweight" rating in a research report on Wednesday, March 20th. Citigroup started coverage on Delek US in a research report on Wednesday, January 24th. They set a "neutral" rating on the stock. UBS Group raised their price target on shares of Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday. Mizuho raised their price target on shares of Delek US from $26.00 to $30.00 and gave the company an "underperform" rating in a research note on Friday, March 22nd. Finally, Bank of America raised their price target on shares of Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $28.75.

Delek US Price Performance

Shares of NYSE:DK traded up $0.59 during trading on Friday, reaching $33.39. 1,237,400 shares of the company's stock traded hands, compared to its average volume of 1,057,673. Delek US has a fifty-two week low of $19.39 and a fifty-two week high of $33.60. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. The firm has a market cap of $2.14 billion, a PE ratio of 151.77 and a beta of 1.32. The company has a 50-day simple moving average of $28.17 and a 200-day simple moving average of $27.09.

Delek US (NYSE:DK - Get Free Report) last posted its 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). 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 for the quarter, compared to analyst estimates of $3.55 billion. During the same quarter last year, the business earned $0.88 earnings per share. Delek US's revenue was down 9.6% on a year-over-year basis.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 1st were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.94%. This is a positive change from Delek US's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 29th. Delek US's dividend payout ratio (DPR) is 445.45%.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the transaction, the chief financial officer now directly owns 18,925 shares of the company's stock, valued at approximately $539,362.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 4,976 shares of company stock valued at $135,738 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Delek US

Institutional investors have recently made changes to their positions in the company. Spirit of America Management Corp NY acquired a new stake in Delek US in the 4th quarter valued at approximately $26,000. IFP Advisors Inc acquired a new stake in Delek US in the 3rd quarter valued at approximately $28,000. Comerica Bank acquired a new stake in Delek US in the 3rd quarter valued at approximately $29,000. BluePath Capital Management LLC acquired a new stake in Delek US in the 3rd quarter valued at approximately $30,000. Finally, Advisor Group Holdings Inc. increased its holdings in Delek US by 44.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

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.