Zacks: Analysts Anticipate Murphy USA Inc. (MUSA) Will Post Quarterly Sales of $3.44 Billion
Equities research analysts expect that Murphy USA Inc. (NYSE:MUSA) will report sales of $3.44 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Murphy USA’s earnings. The highest sales estimate is $3.49 billion and the lowest is $3.29 billion. Murphy USA posted sales of $3.04 billion in the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The firm is expected to announce its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Murphy USA will report full-year sales of $3.44 billion for the current year, with estimates ranging from $12.72 billion to $13.30 billion. For the next fiscal year, analysts expect that the business will report sales of $13.98 billion per share, with estimates ranging from $13.17 billion to $15.32 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Murphy USA.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.42. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. Murphy USA’s quarterly revenue was up 6.9% on a year-over-year basis.
A number of research firms recently commented on MUSA. BidaskClub cut Murphy USA from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Jefferies Group LLC set a $86.00 price objective on Murphy USA and gave the stock a “buy” rating in a research report on Friday, August 4th. Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 4th. Zacks Investment Research cut Murphy USA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, William Blair began coverage on Murphy USA in a research report on Wednesday, July 12th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $83.25.
In other Murphy USA news, EVP Daryl R. Schofield purchased 3,000 shares of the stock in a transaction on Thursday, August 17th. The stock was bought at an average price of $66.00 per share, for a total transaction of $198,000.00. Following the acquisition, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at $198,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John A. Moore sold 1,030 shares of Murphy USA stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total value of $73,603.80. Following the completion of the sale, the senior vice president now owns 18,169 shares of the company’s stock, valued at approximately $1,298,356.74. The disclosure for this sale can be found here. 7.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MUSA. Tower Research Capital LLC TRC grew its holdings in Murphy USA by 1,343.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,443 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 1,343 shares during the period. Fifth Third Bancorp grew its holdings in Murphy USA by 29.3% in the 1st quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 441 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Murphy USA by 8.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 160 shares during the period. Victory Capital Management Inc. grew its holdings in Murphy USA by 49.0% in the 1st quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock valued at $164,000 after buying an additional 734 shares during the period. Finally, LS Investment Advisors LLC grew its holdings in Murphy USA by 13.4% in the 2nd quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock valued at $215,000 after buying an additional 343 shares during the period. Institutional investors own 97.47% of the company’s stock.
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Shares of Murphy USA (NYSE:MUSA) opened at 65.00 on Friday. The company has a 50 day moving average of $69.37 and a 200-day moving average of $69.70. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 17.33 and a beta of 0.71. Murphy USA has a one year low of $57.13 and a one year high of $79.98.
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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