Delek US (NYSE:DK) released its earnings results on Monday. The oil and gas company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.10, Briefing.com reports. Delek US had a return on equity of 1.71% and a net margin of 2.09%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the company earned ($0.44) earnings per share. The business’s revenue for the quarter was up 129.0% compared to the same quarter last year.
Delek US (NYSE DK) traded down $0.84 during mid-day trading on Wednesday, hitting $35.14. The company had a trading volume of 730,506 shares, compared to its average volume of 1,166,994. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 0.76. The company has a market capitalization of $2,861.92, a P/E ratio of 22.73, a P/E/G ratio of 1.43 and a beta of 1.69. Delek US has a 12-month low of $20.65 and a 12-month high of $39.43.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be issued a $0.20 dividend. This is an increase from Delek US’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, March 9th. Delek US’s payout ratio is presently 37.97%.
In other Delek US news, insider Anthony L. Miller sold 1,155 shares of Delek US stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $32.79, for a total value of $37,872.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Wiessman sold 84,121 shares of Delek US stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $33.07, for a total value of $2,781,881.47. The disclosure for this sale can be found here. Insiders sold 215,631 shares of company stock valued at $7,363,903 over the last 90 days. 1.61% of the stock is currently owned by corporate insiders.
Delek US announced that its board has authorized a stock repurchase plan on Monday, February 26th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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Delek US Company Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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