Murphy USA Inc. (MUSA) Releases Earnings Results, Beats Estimates By $0.56 EPS
Murphy USA Inc. (NYSE:MUSA) posted its earnings results on Wednesday. The specialty retailer reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.56, Bloomberg Earnings reports. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the firm posted $1.16 earnings per share. Murphy USA’s revenue for the quarter was up 6.4% compared to the same quarter last year.
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In other Murphy USA news, SVP John A. Moore sold 1,030 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was 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 directly owns 18,169 shares of the company’s stock, valued at approximately $1,298,356.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daryl R. Schofield bought 3,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $66.00 per share, with a total value of $198,000.00. Following the completion of the purchase, the executive vice president now directly owns 3,000 shares in the company, valued at $198,000. The disclosure for this purchase can be found here. 7.30% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on MUSA shares. Zacks Investment Research lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered shares of Murphy USA from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Stephens lowered shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and issued a $83.00 target price (up from $77.00) on shares of Murphy USA in a report on Monday, July 17th. Finally, William Blair started coverage on shares of Murphy USA in a report on Wednesday, July 12th. They issued a “market perform” rating for the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $84.50.
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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