Delek US Holdings, Inc. (NYSE:DK) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, DK is expected to report 2Q20 loss of $ 0.51 per share from revenue of $ 1257.74 million.
For the full year, analysts anticipate top line of $ 6217.49 million, while looking forward to loss of $ 2.46 per share bottom line.
Previous Quarter Performance
Delek US Holdings, Inc. came out with loss for the first quarter of $ 1.74 per share, from the revenue of $ 1,821.00 million. The quarterly revenues contracted 5.17 percent compared with the same quarter last year. Wall street analysts are predicting, DK to report 1Q20 loss of $ 0.95 per share from revenue of $ 1516.96 million. The bottom line results missed street analysts by $ 0.79 or 83.16 percent, at the same time, top line results outshined analysts by $ 304.04 million or 20.04 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of DK was $ 17.80, representing a 128.50 % increase from the 52 week low of $ 7.79 and a 56.69 % decrease over the 52 week high of $ 41.10.
The company has a market capital of $ 1.31 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Scotiabank at Sector Perform rating, with $ 16.00 target price.
- On 9th July 2020, upgraded by Tudor Pickering to Hold from Sell rating.
- On 8th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 21.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.31 per share on May 5, 2020. The dividend were payable on June 3, 2020 to holders of record as of the close of business on May 20, 2020 and ex-dividend date on May 19, 2020.
Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The companys Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
