Delek Logistics Partners LP (NYSE: DKL) has reported earnings for its first fiscal quarter (ending March 31) of $0.74 versus $0.86 for the same period a year ago — a decline of -14%. Relative to the consensus estimate of $0.93, this was a shortfall of $-0.19. For the latest four quarters through March 31, E.P.S. were $2.78 compared to $3.61 a year ago — a decline of -23%.
Recent Price Action
Delek Logistics Partners LP (NYSE: DKL) stock closed at $38.83 on 5/7/24 after a modest decline of -1.2%. This decline was accompanied by normal trading volume. The stock has declined -2.0% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
DKL’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
Delek Logistics Partners is currently unrated.
Rating Review
The stock is currently unrated.
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