Q3 Earnings Forecast for Murphy USA Issued By Zacks Research

Murphy USA Inc. (NYSE:MUSA - Free Report) - Stock analysts at Zacks Research dropped their Q3 2024 EPS estimates for Murphy USA in a research note issued on Friday, October 25th. Zacks Research analyst N. Choudhury now forecasts that the specialty retailer will post earnings of $6.63 per share for the quarter, down from their prior estimate 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.

Murphy USA (NYSE:MUSA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $6.92 earnings per share for the quarter, topping the consensus estimate of $6.91 by $0.01. The company had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.69 billion. Murphy USA had a net margin of 2.50% and a return on equity of 64.73%. Murphy USA's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.02 earnings per share.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada dropped their price target on shares of Murphy USA from $538.00 to $537.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. cut shares of Murphy USA from a "neutral" rating to an "underweight" rating and upped their price target for the company from $415.00 to $435.00 in a research report on Thursday, September 19th. Raymond James lifted their price objective on Murphy USA from $530.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. StockNews.com lowered Murphy USA from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Wells Fargo & Company lifted their target price on Murphy USA from $540.00 to $560.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. One equities 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 stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $495.33.

Murphy USA Trading Up 1.9 %

Shares of Murphy USA stock traded up $8.79 during midday trading on Monday, reaching $482.16. The company had a trading volume of 174,801 shares, compared to its average volume of 198,421. The stock has a fifty day moving average price of $499.27 and a 200 day moving average price of $474.20. Murphy USA has a fifty-two week low of $350.55 and a fifty-two week high of $552.30. The firm has a market cap of $9.99 billion, a PE ratio of 20.23 and a beta of 0.77. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.84 and a quick ratio of 0.52.

Institutional Trading of Murphy USA

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Murphy USA by 5.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,838 shares of the specialty retailer's stock worth $1,609,000 after purchasing an additional 200 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Murphy USA by 7.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 69,122 shares of the specialty retailer's stock valued at $28,976,000 after buying an additional 4,929 shares during the period. Narus Financial Partners LLC lifted its position in shares of Murphy USA by 6.3% during the 1st quarter. Narus Financial Partners LLC now owns 1,020 shares of the specialty retailer's stock valued at $428,000 after buying an additional 60 shares during the last quarter. Trust Co. of Oklahoma purchased a new position in shares of Murphy USA during the 1st quarter valued at $249,000. Finally, Norden Group LLC bought a new position in shares of Murphy USA during the 1st quarter worth $461,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Murphy USA

In other Murphy USA news, Director Robert Madison Murphy sold 13,454 shares of Murphy USA stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $514.38, for a total transaction of $6,920,468.52. Following the completion of the transaction, the director now owns 382,930 shares in the company, valued at approximately $196,971,533.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director James W. Keyes sold 2,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total value of $1,023,080.00. Following the completion of the sale, the director now owns 16,114 shares in the company, valued at $8,242,955.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Madison Murphy sold 13,454 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $514.38, for a total transaction of $6,920,468.52. Following the transaction, the director now owns 382,930 shares in the company, valued at approximately $196,971,533.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,209 shares of company stock valued at $16,564,666. Corporate insiders own 9.04% of the company's stock.

Murphy USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.48 per share. This is an increase from Murphy USA's previous quarterly dividend of $0.45. The ex-dividend date is Monday, November 4th. This represents a $1.92 annualized dividend and a yield of 0.40%. Murphy USA's dividend payout ratio is presently 8.06%.

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.