Equities analysts expect HollyFrontier Corp (NYSE:HFC) to post $4.72 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for HollyFrontier’s earnings, with the lowest sales estimate coming in at $3.91 billion and the highest estimate coming in at $5.77 billion. HollyFrontier reported sales of $3.72 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.9%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that HollyFrontier will report full year sales of $17.52 billion for the current financial year, with estimates ranging from $15.92 billion to $19.74 billion. For the next fiscal year, analysts anticipate that the company will report sales of $17.01 billion per share, with estimates ranging from $16.17 billion to $18.00 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for HollyFrontier.
HollyFrontier (NYSE:HFC) last announced its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.18). HollyFrontier had a net margin of 8.62% and a return on equity of 12.10%. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the business earned $0.66 EPS. The company’s revenue for the quarter was up 29.3% on a year-over-year basis.
Several brokerages have commented on HFC. US Capital Advisors downgraded HollyFrontier from an “overweight” rating to a “hold” rating in a report on Friday, September 7th. ValuEngine downgraded HollyFrontier from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Credit Suisse Group increased their price target on HollyFrontier from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, June 4th. Argus increased their price target on HollyFrontier to $85.00 and gave the company a “buy” rating in a report on Thursday, May 24th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $70.00 price target on shares of HollyFrontier in a report on Friday, August 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $62.18.
Shares of HFC stock opened at $72.03 on Friday. HollyFrontier has a 12 month low of $31.95 and a 12 month high of $83.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.21 and a current ratio of 2.38. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 1.32 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, August 23rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.83%. HollyFrontier’s dividend payout ratio is currently 56.90%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Premia Global Advisors LLC acquired a new stake in HollyFrontier during the second quarter worth $101,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in HollyFrontier by 375.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $130,000 after buying an additional 1,500 shares in the last quarter. Mainstay Capital Management LLC ADV acquired a new stake in HollyFrontier during the second quarter worth $137,000. Transamerica Financial Advisors Inc. acquired a new stake in HollyFrontier during the second quarter worth $145,000. Finally, IMA Wealth Inc. acquired a new stake in HollyFrontier during the second quarter worth $149,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.
HollyFrontier Company Profile
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.
Further Reading: Stock Symbols and CUSIP Explained
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for HollyFrontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HollyFrontier and related companies with MarketBeat.com's FREE daily email newsletter.