Murphy USA Inc. (NYSE:MUSA) Scheduled to Post Quarterly Earnings on Wednesday
Murphy USA Inc. (NYSE:MUSA) is set to announce its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $1.09 per share for the quarter.
Murphy USA (NYSE:MUSA) last issued its earnings results on Monday, May 1st. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. Murphy USA had a return on equity of 18.37% and a net margin of 1.10%. Murphy USA’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.08 earnings per share. On average, analysts expect Murphy USA to post $3.52 EPS for the current fiscal year and $4.55 EPS for the next fiscal year.
Shares of Murphy USA Inc. (NYSE MUSA) traded up 0.86% during mid-day trading on Thursday, reaching $75.84. The company’s stock had a trading volume of 132,034 shares. The company’s 50-day moving average price is $71.73 and its 200-day moving average price is $68.74. The stock has a market capitalization of $2.79 billion, a P/E ratio of 22.01 and a beta of 0.68. Murphy USA Inc. has a 12-month low of $57.13 and a 12-month high of $80.44.
In related news, Director James W. Keyes bought 4,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were purchased at an average price of $65.20 per share, with a total value of $260,800.00. Following the transaction, the director now owns 9,650 shares in the company, valued at approximately $629,180. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John P. Corrigan bought 1,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were bought at an average cost of $65.01 per share, for a total transaction of $65,010.00. Following the transaction, the senior vice president now owns 2,000 shares in the company, valued at approximately $130,020. The disclosure for this purchase can be found here. Insiders own 7.30% of the company’s stock.
A number of analysts have issued reports on the company. Stephens lifted their price objective on Murphy USA from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, June 30th. Wells Fargo & Company downgraded Murphy USA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 18th. Zacks Investment Research downgraded Murphy USA from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Jefferies Group LLC reduced their price objective on Murphy USA from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Finally, BidaskClub downgraded Murphy USA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $83.00.
About Murphy USA
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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