Murphy USA FY2024 EPS Forecast Reduced by Zacks Research

Murphy USA Inc. (NYSE:MUSA) – Analysts at Zacks Research lowered their FY2024 EPS estimates for shares of Murphy USA in a research note issued on Wednesday, November 20th. Zacks Research analyst N. Choudhury now expects that the specialty retailer will earn $23.89 per share for the year, down from their prior estimate of $23.97. The consensus estimate for Murphy USA’s current full-year earnings is $23.61 per share. Zacks Research also issued estimates for Murphy USA’s Q1 2025 earnings at $4.95 EPS, Q4 2025 earnings at $6.91 EPS and Q2 2026 earnings at $5.48 EPS.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.64 by $0.56. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.69 EPS.

A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of Murphy USA from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $415.00 to $435.00 in a report on Thursday, September 19th. Raymond James raised their target price on shares of Murphy USA from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Royal Bank of Canada dropped their target price on shares of 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 lifted their price objective on shares of Murphy USA from $540.00 to $560.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, StockNews.com cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $495.33.

Murphy USA Trading Up 2.6 %

Shares of Murphy USA stock opened at $545.10 on Friday. Murphy USA has a 12-month low of $350.55 and a 12-month high of $552.30. The company has a 50-day simple moving average of $497.40 and a 200 day simple moving average of $485.24. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $11.04 billion, a P/E ratio of 22.22 and a beta of 0.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MUSA. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Murphy USA by 62.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,455 shares of the specialty retailer’s stock worth $1,902,000 after purchasing an additional 1,717 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Murphy USA by 10.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 13,461 shares of the specialty retailer’s stock worth $5,646,000 after buying an additional 1,254 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Murphy USA during the first quarter worth approximately $69,000. Lazard Asset Management LLC raised its position in shares of Murphy USA by 451.9% during the first quarter. Lazard Asset Management LLC now owns 12,887 shares of the specialty retailer’s stock worth $5,401,000 after purchasing an additional 10,552 shares during the period. Finally, Hyperion Capital Advisors LP acquired a new position in shares of Murphy USA during the first quarter worth approximately $243,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

Insider Activity

In related news, Director James W. Keyes sold 2,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 16,114 shares of the company’s stock, valued at $8,242,955.56. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.04% of the stock is currently owned by company insiders.

Murphy USA Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, November 4th. This is a boost from Murphy USA’s previous quarterly dividend of $0.45. Murphy USA’s payout ratio is presently 7.92%.

Murphy USA Company Profile

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.