Brokers Offer Predictions for Murphy USA FY2024 Earnings

Murphy USA Inc. (NYSE:MUSA - Free Report) - Investment analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of Murphy USA in a research report issued on Tuesday, January 21st. Zacks Research analyst N. Choudhury now anticipates that the specialty retailer will earn $23.50 per share for the year, down from their previous forecast of $23.57. The consensus estimate for Murphy USA's current full-year earnings is $23.62 per share. Zacks Research also issued estimates for Murphy USA's Q4 2024 earnings at $6.26 EPS, Q1 2025 earnings at $4.85 EPS, Q2 2025 earnings at $6.84 EPS, Q1 2026 earnings at $8.88 EPS, Q2 2026 earnings at $5.57 EPS, Q3 2026 earnings at $6.88 EPS, Q4 2026 earnings at $6.90 EPS and FY2026 earnings at $28.23 EPS.

Separately, StockNews.com upgraded Murphy USA from a "hold" rating to a "buy" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $509.40.

Murphy USA Price Performance

NYSE:MUSA traded down $0.26 during trading hours on Thursday, reaching $481.92. 110,117 shares of the company were exchanged, compared to its average volume of 170,967. The stock's 50-day moving average is $518.38 and its 200-day moving average is $506.02. Murphy USA has a twelve month low of $350.55 and a twelve month high of $561.08. The firm has a market cap of $9.76 billion, a PE ratio of 19.89 and a beta of 0.80. The company has a current ratio of 0.80, a quick ratio of 0.41 and a debt-to-equity ratio of 2.19.

Murphy USA (NYSE:MUSA - Get Free Report) last posted its earnings results 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 the consensus estimate of $5.54 billion. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. The firm's quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $7.69 earnings per share.

Institutional Investors Weigh In On Murphy USA

Several institutional investors and hedge funds have recently made changes to their positions in MUSA. V Square Quantitative Management LLC grew 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 valued at $36,000 after acquiring an additional 21 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Murphy USA by 186.1% in the 4th quarter. Fortitude Family Office LLC now owns 103 shares of the specialty retailer's stock valued at $52,000 after buying an additional 67 shares during the period. R Squared Ltd bought a new stake in shares of Murphy USA during the 4th quarter valued at about $55,000. Versant Capital Management Inc raised its stake in Murphy USA by 348.4% during the fourth quarter. Versant Capital Management Inc now owns 139 shares of the specialty retailer's stock worth $70,000 after acquiring an additional 108 shares during the period. Finally, Key Financial Inc lifted 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 worth $72,000 after acquiring an additional 132 shares during the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

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.