Brokerages Expect Murphy USA Inc (MUSA) Will Post Quarterly Sales of $3.26 Billion

Wall Street analysts forecast that Murphy USA Inc (NYSE:MUSA) will announce sales of $3.26 billion for the current quarter, Zacks reports. Four analysts have issued estimates for Murphy USA’s earnings. The highest sales estimate is $3.48 billion and the lowest is $3.08 billion. Murphy USA reported sales of $3.06 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, January 31st.

On average, analysts expect that Murphy USA will report full-year sales of $3.26 billion for the current fiscal year, with estimates ranging from $12.52 billion to $13.04 billion. For the next year, analysts forecast that the firm will report sales of $14.20 billion per share, with estimates ranging from $13.49 billion to $15.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Murphy USA.

Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, November 1st. The specialty retailer reported $1.90 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.56. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Murphy USA had a net margin of 1.31% and a return on equity of 24.19%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 earnings per share.

Several research firms recently issued reports on MUSA. BidaskClub cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. JPMorgan Chase & Co. cut shares of Murphy USA from a “neutral” rating to an “underweight” rating in a research report on Tuesday, November 7th. Jefferies Group restated a “buy” rating and set a $98.00 price objective on shares of Murphy USA in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of Murphy USA from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, ValuEngine cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $91.00.

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in Murphy USA by 4.7% during the second quarter. Royal Bank of Canada now owns 953,807 shares of the specialty retailer’s stock worth $70,686,000 after buying an additional 43,107 shares during the period. Quantitative Systematic Strategies LLC boosted its stake in Murphy USA by 465.5% during the third quarter. Quantitative Systematic Strategies LLC now owns 25,634 shares of the specialty retailer’s stock worth $1,769,000 after buying an additional 21,101 shares during the period. JPMorgan Chase & Co. boosted its stake in Murphy USA by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock worth $110,110,000 after buying an additional 379,971 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Murphy USA by 8.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 179,395 shares of the specialty retailer’s stock worth $12,379,000 after buying an additional 14,229 shares during the period. Finally, Citigroup Inc. boosted its stake in Murphy USA by 514.2% during the second quarter. Citigroup Inc. now owns 6,130 shares of the specialty retailer’s stock worth $454,000 after buying an additional 5,132 shares during the period. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Shares of Murphy USA (NYSE:MUSA) opened at $86.09 on Monday. The company has a market cap of $3,000.00, a PE ratio of 19.30, a PEG ratio of 1.67 and a beta of 0.79. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 0.77. Murphy USA has a 12-month low of $61.01 and a 12-month high of $86.85.

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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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