Brokers Offer Predictions for Murphy USA FY2024 Earnings

Murphy USA Inc. (NYSE:MUSA) – Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of Murphy USA in a report released on Tuesday, January 21st. Zacks Research analyst N. Choudhury now anticipates that the specialty retailer will post earnings of $23.50 per share for the year, down from their prior 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 raised shares of Murphy USA from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Murphy USA presently has a consensus rating of “Moderate Buy” and an average target price of $509.40.

Murphy USA Trading Down 1.0 %

Shares of MUSA opened at $481.25 on Thursday. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 19.85 and a beta of 0.80. 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 1-year low of $350.55 and a 1-year high of $561.08. The company has a 50-day moving average of $518.38 and a 200 day moving average of $506.02.

Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share 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%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the company earned $7.69 earnings per share.

Institutional Investors Weigh In On Murphy USA

Several hedge funds have recently modified their holdings of MUSA. V Square Quantitative Management LLC grew its stake 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 purchasing an additional 21 shares during 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 in the last quarter. R Squared Ltd purchased a new position in shares of Murphy USA in the 4th quarter worth approximately $55,000. Versant Capital Management Inc raised its stake in shares of Murphy USA by 348.4% during the 4th quarter. Versant Capital Management Inc now owns 139 shares of the specialty retailer’s stock worth $70,000 after acquiring an additional 108 shares in the last quarter. Finally, Key Financial Inc lifted its position in Murphy USA by 942.9% during 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. Hedge funds and other institutional investors own 80.81% of the company’s stock.

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.