Brokers Offer Predictions for Murphy USA FY2024 Earnings

Murphy USA Inc. (NYSE:MUSA) – Research analysts at Zacks Research dropped their FY2024 earnings estimates for Murphy USA in a report issued 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 forecast 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.

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

Murphy USA Stock Performance

Murphy USA stock opened at $519.99 on Thursday. Murphy USA has a 52-week low of $350.55 and a 52-week high of $561.08. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.80 and a quick ratio of 0.41. The stock has a fifty day moving average price of $516.54 and a two-hundred day moving average price of $500.95. The firm has a market capitalization of $10.53 billion, a P/E ratio of 21.45 and a beta of 0.78.

Murphy USA (NYSE:MUSA) last posted its earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 EPS for the quarter, topping the consensus estimate of $6.64 by $0.56. The business had revenue of $5.24 billion during 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%. Murphy USA’s revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the company earned $7.69 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC boosted its position in Murphy USA by 40.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 21 shares during the last quarter. Key Financial Inc boosted its holdings in Murphy USA by 942.9% in the third quarter. Key Financial Inc now owns 146 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 132 shares during the last quarter. GHP Investment Advisors Inc. increased its position in Murphy USA by 82.1% in the second quarter. GHP Investment Advisors Inc. now owns 173 shares of the specialty retailer’s stock worth $81,000 after purchasing an additional 78 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Murphy USA by 135.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 186 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 107 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Murphy USA during the 2nd quarter valued at about $94,000. Institutional investors own 80.81% of the company’s stock.

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 dividend of $0.48 per share. This is a boost from Murphy USA’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Monday, November 4th. Murphy USA’s dividend payout ratio is 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.