Murphy USA: Encouraging Trends Despite Q1 Timing Headwinds [Seeking Alpha]
Murphy USA Inc. (MUSA)
Last murphy usa inc. earnings: 4/17 07:00 am
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US:NYSE Investor Relations:
ir.corporate.murphyusa.com/investor-relations/ir-home/default.aspx
Company Research
Source: Seeking Alpha
Q1 earnings missed expectations due to weakness in fuel margins, but management expects margin recapture in Q2 and Q3. The company's convenience store business offsets declines in the gas business, with stable merchandise sales and gains in tobacco revenue. Shares of Murphy USA Inc. ( NYSE: MUSA ) have been a strong performer over the past year, rising 44% thanks to resilient convenience store sales and strong capital allocation policies. I last covered Murphy USA in November , rating shares a buy. Since then, they returned 12%, consistent with my ~$400 target price. While this return has met my expectations, the market has rallied an even more impressive 21%. Given new results, now is a good time to revisit the stock. I remain bullish. In the company's first quarter , Murphy earned $3.12 on a GAAP basis, missing estimates by $1.36. Revenue was down by 4.6% from last year at $4.8 billion. A key driver of revenue is the level of gasoline prices, and Murphy makes money on its gas
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MUSA
News
- 4 Stocks to Watch That Recently Announced Dividend Hikes [Yahoo! Finance]Yahoo! Finance
- Murphy (MUSA) Q1 Earnings Miss on Weak Margins, Product Sales [Yahoo! Finance]Yahoo! Finance
- Murphy USA Inc. (NYSE: MUSA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Murphy USA Inc. Announces Dividend IncreaseBusiness Wire
- Murphy USA Inc. (NYSE:MUSA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
MUSA
Earnings
- 5/1/24 - Miss
MUSA
Sec Filings
- 5/14/24 - Form 8-K
- 5/13/24 - Form 4
- 5/9/24 - Form 10-Q
- MUSA's page on the SEC website