Brokers Offer Predictions for Murphy USA FY2024 Earnings

Murphy USA Inc. (NYSE:MUSA) – Equities research analysts at Zacks Research dropped their FY2024 earnings per share estimates for shares of Murphy USA in a research note issued on Wednesday, November 20th. Zacks Research analyst N. Choudhury now anticipates that the specialty retailer will post earnings of $23.89 per share for the year, down from their prior forecast 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 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 analyst estimates of $5.54 billion. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.69 EPS.

A number of other equities research analysts have also recently commented on MUSA. StockNews.com cut Murphy USA from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Raymond James upped their target price on Murphy USA from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered shares of Murphy USA from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $415.00 to $435.00 in a research report on Thursday, September 19th. Wells Fargo & Company upped their price target on Murphy USA from $540.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reduced their price objective on shares of Murphy USA from $538.00 to $537.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $495.33.

Murphy USA Stock Performance

Shares of MUSA stock opened at $531.34 on Friday. Murphy USA has a one year low of $350.55 and a one year high of $552.30. The business’s 50 day simple moving average is $497.49 and its 200 day simple moving average is $484.92. The stock has a market capitalization of $10.76 billion, a PE ratio of 21.92 and a beta of 0.75. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, November 4th. This is an increase from Murphy USA’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 0.36%. Murphy USA’s dividend payout ratio (DPR) is presently 7.92%.

Insider Transactions at Murphy USA

In other news, Director James W. Keyes sold 2,000 shares of Murphy USA stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the transaction, the director now directly owns 16,114 shares of the company’s stock, valued at $8,242,955.56. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Murphy USA

A number of hedge funds have recently made changes to their positions in MUSA. Mather Group LLC. increased its position in Murphy USA by 141.4% in the second quarter. Mather Group LLC. now owns 70 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 41 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Murphy USA by 40.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock worth $36,000 after buying an additional 21 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Murphy USA by 777.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 79 shares of the specialty retailer’s stock worth $33,000 after buying an additional 70 shares during the last quarter. Key Financial Inc raised its position in shares of Murphy USA by 942.9% during the 3rd quarter. Key Financial Inc now owns 146 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 132 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Murphy USA in the 1st quarter valued at about $69,000. Institutional investors own 80.81% of the company’s stock.

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.