Analysts expect Murphy USA Inc. (NYSE:MUSA) to post sales of $3.37 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Murphy USA’s earnings, with the lowest sales estimate coming in at $3.30 billion and the highest estimate coming in at $3.43 billion. The business is expected to report its next earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Murphy USA will report full year sales of $3.37 billion for the current year, with estimates ranging from $13.10 billion to $13.50 billion. For the next fiscal year, analysts forecast that the business will report sales of $14.36 billion per share, with estimates ranging from $13.72 billion to $15.48 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Murphy USA.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Monday, May 1st. The specialty retailer reported ($0.08) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.08). Murphy USA had a net margin of 1.10% and a return on equity of 18.37%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the business posted $2.08 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year.

Several equities research analysts have recently issued reports on MUSA shares. Zacks Investment Research lowered Murphy USA from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Wells Fargo & Company lowered Murphy USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 18th. Stephens decreased their target price on Murphy USA from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC decreased their target price on Murphy USA from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $79.75.

In other Murphy USA news, SVP John P. Corrigan bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was purchased at an average cost of $65.01 per share, with a total value of $65,010.00. Following the transaction, the senior vice president now directly owns 2,000 shares in the company, valued at approximately $130,020. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James W. Keyes bought 4,000 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were acquired at an average cost of $65.20 per share, with a total value of $260,800.00. Following the completion of the transaction, the director now owns 9,650 shares in the company, valued at $629,180. The disclosure for this purchase can be found here. Company insiders own 7.30% of the company’s stock.

Several large investors have recently made changes to their positions in MUSA. Russell Investments Group Ltd. acquired a new stake in shares of Murphy USA during the fourth quarter valued at about $2,002,000. Aberdeen Asset Management PLC UK increased its position in Murphy USA by 5.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 10,594 shares of the specialty retailer’s stock valued at $651,000 after buying an additional 555 shares during the last quarter. Comerica Bank increased its position in Murphy USA by 7.2% in the fourth quarter. Comerica Bank now owns 25,377 shares of the specialty retailer’s stock valued at $1,553,000 after buying an additional 1,715 shares during the last quarter. Royce & Associates LP purchased a new position in Murphy USA during the fourth quarter valued at $738,000. Finally, Elkfork Partners LLC purchased a new position in Murphy USA during the fourth quarter valued at $1,690,000. 98.27% of the stock is owned by hedge funds and other institutional investors.

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Murphy USA (NYSE:MUSA) traded up 1.92% during trading on Friday, reaching $71.17. 289,304 shares of the company’s stock were exchanged. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 20.65 and a beta of 0.69. Murphy USA has a 12 month low of $57.13 and a 12 month high of $80.44. The firm’s 50-day moving average price is $68.06 and its 200-day moving average price is $67.38.

Murphy USA Company Profile

Murphy USA Inc is engaged in the marketing of retail motor fuel products and merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.

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