Q1 2024 EPS Estimates for Delek US Holdings, Inc. (NYSE:DK) Lowered by Zacks Research

Delek US Holdings, Inc. (NYSE:DK) – Research analysts at Zacks Research decreased their Q1 2024 earnings per share (EPS) estimates for shares of Delek US in a note issued to investors on Thursday, April 25th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings of ($0.57) per share for the quarter, down from their prior forecast of ($0.34). The consensus estimate for Delek US’s current full-year earnings is $1.38 per share. Zacks Research also issued estimates for Delek US’s Q2 2024 earnings at $0.81 EPS, Q4 2024 earnings at ($0.38) EPS, FY2024 earnings at $0.58 EPS, Q2 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $0.74 EPS, Q1 2026 earnings at ($0.08) EPS and FY2026 earnings at ($0.11) EPS.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by ($0.18). Delek US had a net margin of 0.12% and a return on equity of 18.27%. The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was down 9.6% compared to the same quarter last year.

Other equities analysts also recently issued reports about the company. Mizuho lifted their target price on Delek US from $26.00 to $30.00 and gave the company an “underperform” rating in a research report on Friday, March 22nd. TD Cowen lifted their price objective on Delek US from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. UBS Group increased their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Citigroup initiated coverage on shares of Delek US in a report on Wednesday, January 24th. They set a “neutral” rating on the stock. Finally, Scotiabank raised their price objective on shares of Delek US from $25.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Delek US has an average rating of “Hold” and a consensus price target of $28.56.

Delek US Trading Down 7.1 %

NYSE:DK opened at $27.29 on Monday. Delek US has a one year low of $19.39 and a one year high of $33.60. The business has a fifty day moving average price of $29.17 and a 200-day moving average price of $27.44. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 124.05 and a beta of 1.32. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.99 and a quick ratio of 0.63.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were given a dividend of $0.245 per share. This is an increase from Delek US’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Thursday, February 29th. Delek US’s dividend payout ratio is currently 445.45%.

Insider Activity at Delek US

In related news, CFO Robert G. Wright sold 2,123 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.50, for a total transaction of $60,505.50. Following the sale, the chief financial officer now owns 18,925 shares of the company’s stock, valued at $539,362.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 4,976 shares of company stock valued at $141,243. 0.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. River Road Asset Management LLC increased its position in Delek US by 510.1% during the fourth quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock valued at $96,675,000 after acquiring an additional 3,132,971 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Delek US by 2,421.9% during the 4th quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock valued at $24,195,000 after purchasing an additional 900,600 shares during the last quarter. Norges Bank purchased a new stake in Delek US in the 4th quarter worth about $16,341,000. Raymond James & Associates bought a new stake in Delek US in the fourth quarter worth about $13,295,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Delek US during the third quarter valued at approximately $7,464,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.