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Murphy USA Inc. of El Dorado on Wednesday reported first-quarter net income of $55.3 million, down 38% from the same quarter last year, but earnings per share beat Wall Street expectations.
The publicly traded convenience store chain and gasoline retailer reported earnings per share of $2.01, down from $2.92 in the same quarter last year but ahead of analysts expectations of $1.53, according to Zacks Investment Research.
Revenue was $3.54 billion, up 11% from the same quarter last year and ahead of analysts expectations of $3.45 billion. The new year started off with tremendous momentum as first quarter results underscore the strength of our core business alongside the realities of our industry post-COVID 19, President and CEO Andrew Clyde said in a news release.
Murphy USA Inc Reports First Quarter 2021 Results einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
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Jefferies analyst Matthew Fishbein maintained a Hold rating on Murphy USA (MUSA – Research Report) today and set a price target of $148.00. The company’s shares closed last Wednesday at $142.47.
According to TipRanks.com, Fishbein is a 2-star analyst with an average return of 4.5% and a 75.0% success rate. Fishbein covers the Consumer Goods sector, focusing on stocks such as United Natural Foods, Sprouts Farmers, and Casey’s General.
Currently, the analyst consensus on Murphy USA is a Hold with an average price target of $148.00.
The company has a one-year high of $159.00 and a one-year low of $101.06. Currently, Murphy USA has an average volume of 292.5K.
Murphy USA: Q1 Earnings Snapshot apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Murphy USA Kicks Off ‘Great Futures Fueled Here’ Cause Campaign for Boys & Girls Clubs of America on April 7
This is the second year the company has launched this campaign at all Murphy USA and Express stores; raising more than $1.5 million to date
/EIN News/ EL DORADO, Ariz., April 07, 2021 (GLOBE NEWSWIRE) Murphy USA Inc. (NYSE: MUSA) is excited to announce the next phase of their ‘Great Futures Fueled Here’ campaign for Boys & Girls Clubs of America beginning today in all Murphy USA and Murphy Express sites across 25 states. Funds from the multi-phase campaign will help support Boys & Girls Clubs of America’s mission of enabling all young people to reach their full potential as productive, caring, responsible citizens. In addition to the $1.5 million already raised to support Boys and Girls Clubs, Murphy USA, as a national partner, is committed to raising an additional $500,000 during their campaign in 2021.