Operator
Good day and thank you for standing by. Welcome to the Murphy USA first-quarter 2021 earnings conference call. [Operator instructions] I would now like to hand the conference over to your speaker today, Christian Pikul, vice president of investor relations. Please go ahead.
Christian Pikul
Vice President of Investor Relations
Great. Thank you, Megan, and good morning, everyone. Joining me on the call today are Andrew Clyde, president and chief executive officer; Mindy West, executive vice president and chief financial officer; and Donnie Smith, vice president and controller. After some opening comments from Andrew, Mindy will provide an overview of the financial results and recent financing activity, and then we ll open up the call to Q&A.
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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.
Markets
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.
Earnings Scheduled For April 28, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.