Delek US Holdings Inc Expected to Post Q3 2019 Earnings of $1.39 Per Share (NYSE:DK)

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Delek US Holdings Inc (NYSE:DK) – Investment analysts at Piper Jaffray Companies dropped their Q3 2019 earnings per share (EPS) estimates for shares of Delek US in a research report issued to clients and investors on Monday, July 15th. Piper Jaffray Companies analyst B. Fernandez now expects that the oil and gas company will earn $1.39 per share for the quarter, down from their prior estimate of $1.43. Piper Jaffray Companies also issued estimates for Delek US’s Q4 2019 earnings at $0.38 EPS.

Delek US (NYSE:DK) last posted its earnings results on Monday, May 6th. The oil and gas company reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $1.06. Delek US had a return on equity of 27.94% and a net margin of 5.48%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was down 6.5% on a year-over-year basis.

A number of other research analysts have also weighed in on DK. Goldman Sachs Group set a GBX 6,870 ($89.77) target price on Reckitt Benckiser Group and gave the company a “neutral” rating in a report on Tuesday, June 25th. Raymond James dropped their target price on Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 10th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.62.

DK stock opened at $38.54 on Tuesday. Delek US has a twelve month low of $29.51 and a twelve month high of $56.36. The company has a quick ratio of 1.00, a current ratio of 1.48 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average of $37.42. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 8.03 and a beta of 1.63.

Large investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC purchased a new stake in Delek US in the first quarter worth $8,534,000. Salem Investment Counselors Inc. increased its position in Delek US by 77.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 9,985 shares of the oil and gas company’s stock worth $325,000 after buying an additional 4,370 shares during the last quarter. Stifel Financial Corp increased its position in Delek US by 34.1% in the fourth quarter. Stifel Financial Corp now owns 277,873 shares of the oil and gas company’s stock worth $9,030,000 after buying an additional 70,728 shares during the last quarter. Norges Bank purchased a new stake in Delek US in the fourth quarter worth $42,863,000. Finally, Meitav Dash Investments Ltd. increased its position in Delek US by 158.5% in the first quarter. Meitav Dash Investments Ltd. now owns 66,915 shares of the oil and gas company’s stock worth $2,451,000 after buying an additional 41,028 shares during the last quarter.

In related news, EVP Avigal Soreq sold 4,000 shares of the 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 through this hyperlink. Also, COO Frederec Green sold 11,526 shares of the 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. Company insiders own 1.20% 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'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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