Murphy USA (NYSE:MUSA) Releases Earnings Results, Beats Expectations By $0.56 EPS

Murphy USA (NYSE:MUSAGet Free Report) posted its quarterly earnings data on Wednesday. The specialty retailer reported $7.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.64 by $0.56, Briefing.com reports. Murphy USA had a return on equity of 64.73% and a net margin of 2.50%. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the previous year, the business earned $7.69 EPS. Murphy USA’s revenue was down 9.6% compared to the same quarter last year.

Murphy USA Stock Up 4.7 %

Shares of NYSE MUSA traded up $22.37 during mid-day trading on Thursday, reaching $495.00. 157,709 shares of the company were exchanged, compared to its average volume of 198,029. Murphy USA has a 1 year low of $350.55 and a 1 year high of $552.30. The firm has a 50-day moving average of $497.83 and a 200 day moving average of $474.64. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 19.87 and a beta of 0.77. The company has a quick ratio of 0.52, a current ratio of 0.84 and a debt-to-equity ratio of 2.20.

Murphy USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.39%. This is a positive change from Murphy USA’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, November 4th. Murphy USA’s payout ratio is presently 7.76%.

Wall Street Analysts Forecast Growth

MUSA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut shares of Murphy USA from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $415.00 to $435.00 in a report on Thursday, September 19th. StockNews.com lowered Murphy USA from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Royal Bank of Canada reduced their price objective on Murphy USA from $538.00 to $537.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company upped their target price on Murphy USA from $540.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Raymond James increased their price target on Murphy USA from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Murphy USA currently has an average rating of “Hold” and an average target price of $495.33.

Read Our Latest Research Report on Murphy USA

Insider Buying and Selling at Murphy USA

In other Murphy USA news, Director Robert Madison Murphy sold 16,755 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the completion of the sale, the director now directly owns 396,384 shares of the company’s stock, valued at approximately $203,955,423.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Robert Madison Murphy sold 16,755 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the completion of the sale, the director now owns 396,384 shares in the company, valued at approximately $203,955,423.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James W. Keyes sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $511.54, for a total value of $1,023,080.00. Following the transaction, the director now owns 16,114 shares in the company, valued at approximately $8,242,955.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,209 shares of company stock worth $16,564,666 over the last quarter. Insiders own 9.04% of the company’s stock.

About Murphy USA

(Get Free Report)

Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.

Read More

Earnings History for Murphy USA (NYSE:MUSA)

Receive News & Ratings for Murphy USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA and related companies with MarketBeat.com's FREE daily email newsletter.