FY2024 EPS Estimates for Murphy USA Decreased by Analyst

Murphy USA Inc. (NYSE:MUSA) – Stock analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of Murphy USA in a note issued to investors on Tuesday, December 17th. Zacks Research analyst N. Choudhury now expects that the specialty retailer will post earnings per share of $23.57 for the year, down from their prior estimate of $23.89. The consensus estimate for Murphy USA’s current full-year earnings is $23.59 per share. Zacks Research also issued estimates for Murphy USA’s Q4 2024 earnings at $6.33 EPS, Q1 2025 earnings at $4.87 EPS, Q2 2025 earnings at $6.85 EPS, Q3 2025 earnings at $7.00 EPS, Q4 2025 earnings at $7.25 EPS, Q2 2026 earnings at $5.56 EPS, Q3 2026 earnings at $6.87 EPS and FY2026 earnings at $28.05 EPS.

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

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered Murphy USA from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $415.00 to $435.00 in a research report on Thursday, September 19th. StockNews.com upgraded Murphy USA from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $495.33.

Murphy USA Trading Up 1.1 %

NYSE:MUSA opened at $525.69 on Thursday. The firm has a market capitalization of $10.65 billion, a P/E ratio of 21.69 and a beta of 0.78. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.80 and a quick ratio of 0.41. Murphy USA has a one year low of $350.55 and a one year high of $561.08. The company’s 50-day simple moving average is $515.11 and its 200 day simple moving average is $500.27.

Hedge Funds Weigh In On Murphy USA

A number of institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC raised its position in Murphy USA by 40.4% in the third quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 21 shares during the period. Key Financial Inc raised its holdings in Murphy USA by 942.9% in the 3rd quarter. Key Financial Inc now owns 146 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 132 shares during the period. GHP Investment Advisors Inc. lifted its position in Murphy USA by 82.1% during the second quarter. GHP Investment Advisors Inc. now owns 173 shares of the specialty retailer’s stock valued at $81,000 after purchasing an additional 78 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Murphy USA by 135.4% during the second quarter. EverSource Wealth Advisors LLC now owns 186 shares of the specialty retailer’s stock valued at $94,000 after purchasing an additional 107 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Murphy USA in the second quarter worth about $94,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Murphy USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, November 4th. This is a positive change from Murphy USA’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.37%. Murphy USA’s payout ratio is currently 7.92%.

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.