Q3 Earnings Estimate for Murphy USA Issued By Zacks Research

Murphy USA Inc. (NYSE:MUSA) – Equities research analysts at Zacks Research lowered their Q3 2024 earnings estimates for Murphy USA in a research report issued to clients and investors on Friday, October 25th. Zacks Research analyst N. Choudhury now expects that the specialty retailer will earn $6.63 per share for the quarter, down from their prior forecast of $6.81. The consensus estimate for Murphy USA’s current full-year earnings is $23.97 per share. Zacks Research also issued estimates for Murphy USA’s Q4 2024 earnings at $7.30 EPS, FY2024 earnings at $23.97 EPS, FY2025 earnings at $26.14 EPS, Q1 2026 earnings at $8.80 EPS, Q2 2026 earnings at $5.34 EPS and FY2026 earnings at $27.62 EPS.

MUSA has been the subject of several other reports. Raymond James increased their price target on Murphy USA from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Wells Fargo & Company raised their target price on shares of Murphy USA from $540.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank of Canada decreased 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. Finally, JPMorgan Chase & Co. cut shares of Murphy USA from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $415.00 to $435.00 in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Murphy USA currently has a consensus rating of “Hold” and a consensus target price of $495.33.

Murphy USA Price Performance

MUSA opened at $473.37 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.84 and a quick ratio of 0.52. The stock has a market capitalization of $9.81 billion, a P/E ratio of 19.86 and a beta of 0.77. The company’s 50 day simple moving average is $499.98 and its 200-day simple moving average is $473.69. Murphy USA has a one year low of $350.55 and a one year high of $552.30.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $6.92 earnings per share for the quarter, beating analysts’ consensus estimates of $6.91 by $0.01. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Murphy USA had a return on equity of 64.73% and a net margin of 2.50%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $6.02 EPS.

Hedge Funds Weigh In On Murphy USA

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fortune Financial Advisors LLC purchased a new stake in shares of Murphy USA in the 3rd quarter worth $205,000. State of Alaska Department of Revenue grew its position in Murphy USA by 5.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 2,165 shares of the specialty retailer’s stock worth $1,067,000 after purchasing an additional 105 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Murphy USA by 23.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,952 shares of the specialty retailer’s stock valued at $1,469,000 after acquiring an additional 557 shares during the period. PFG Investments LLC acquired a new position in shares of Murphy USA in the third quarter valued at about $214,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Murphy USA in the 3rd quarter worth approximately $223,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert Madison Murphy sold 16,755 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $514.54, for a total value of $8,621,117.70. Following the sale, the director now directly owns 396,384 shares of the company’s stock, valued at $203,955,423.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Murphy USA news, Director Robert Madison Murphy sold 16,755 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $514.54, for a total value of $8,621,117.70. Following the completion of the sale, the director now owns 396,384 shares of the company’s stock, valued at approximately $203,955,423.36. The trade was a 0.00 % decrease in their position. The transaction 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 company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the sale, the director now directly owns 16,114 shares of the company’s stock, valued at $8,242,955.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,209 shares of company stock worth $16,564,666. 9.04% of the stock is currently owned by company insiders.

Murphy USA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Monday, November 4th. Murphy USA’s dividend payout ratio (DPR) is 8.06%.

About Murphy USA

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.