Brokerages expect that HollyFrontier Corp (NYSE:HFC) will announce $1.73 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for HollyFrontier’s earnings, with the lowest EPS estimate coming in at $1.42 and the highest estimate coming in at $1.99. HollyFrontier posted earnings per share of $0.70 in the same quarter last year, which indicates a positive year over year growth rate of 147.1%. The firm is expected to report its next earnings results on Wednesday, February 20th.
On average, analysts expect that HollyFrontier will report full year earnings of $5.86 per share for the current year, with EPS estimates ranging from $5.62 to $6.00. For the next fiscal year, analysts forecast that the firm will report earnings of $7.45 per share, with EPS estimates ranging from $6.66 to $8.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover HollyFrontier.
HollyFrontier (NYSE:HFC) last released its earnings results on Wednesday, October 31st. The oil and gas company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.66 by $0.32. HollyFrontier had a net margin of 8.51% and a return on equity of 13.94%. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business earned $1.14 earnings per share. The business’s quarterly revenue was up 28.3% on a year-over-year basis.
Several research firms recently commented on HFC. ValuEngine lowered shares of HollyFrontier from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. US Capital Advisors lowered shares of HollyFrontier from an “overweight” rating to a “hold” rating in a research note on Friday, September 7th. JPMorgan Chase & Co. increased their target price on shares of HollyFrontier from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Wednesday, November 14th. Cowen set a $76.00 target price on shares of HollyFrontier and gave the company a “hold” rating in a research note on Monday, December 3rd. Finally, Jefferies Financial Group raised shares of HollyFrontier from an “underperform” rating to a “hold” rating and set a $62.00 target price for the company in a research note on Tuesday, October 16th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. HollyFrontier presently has a consensus rating of “Hold” and a consensus target price of $74.62.
In related news, Director Robert J. Kostelnik sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $61.62, for a total value of $92,430.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.51% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of HFC. Premia Global Advisors LLC purchased a new stake in HollyFrontier in the 2nd quarter worth approximately $101,000. Honkamp Krueger Financial Services Inc. purchased a new stake in HollyFrontier in the 3rd quarter worth approximately $116,000. Mainstay Capital Management LLC ADV purchased a new stake in HollyFrontier in the 2nd quarter worth approximately $137,000. First Hawaiian Bank purchased a new stake in HollyFrontier in the 3rd quarter worth approximately $147,000. Finally, Advisors Preferred LLC purchased a new stake in HollyFrontier in the 2nd quarter worth approximately $175,000. Institutional investors and hedge funds own 85.66% of the company’s stock.
HFC stock traded down $0.95 on Monday, hitting $56.85. 2,364,282 shares of the company’s stock traded hands, compared to its average volume of 2,004,273. HollyFrontier has a 1-year low of $42.42 and a 1-year high of $83.28. The firm has a market cap of $10.02 billion, a PE ratio of 24.50, a P/E/G ratio of 0.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.50 and a quick ratio of 1.30.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.32 annualized dividend and a dividend yield of 2.32%. HollyFrontier’s dividend payout ratio (DPR) is presently 56.90%.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates through three segments: Refining, Lubricants and Specialty Products, and HEP. It primarily produces high-value light products, such as gasoline, diesel and jet fuel, and specialty lubricant products, as well as specialty and modified asphalt.
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