HF Sinclair (DINO) to Release Earnings on Thursday

HF Sinclair (NYSE:DINO) will post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect HF Sinclair to post earnings of $0.84 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.60 earnings per share. On average, analysts expect HF Sinclair to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

HF Sinclair Stock Down 0.3 %

Shares of NYSE:DINO opened at $42.86 on Tuesday. HF Sinclair has a 52-week low of $42.10 and a 52-week high of $64.16. The stock has a market cap of $8.24 billion, a P/E ratio of 5.30 and a beta of 1.16. The business has a fifty day moving average of $45.72 and a two-hundred day moving average of $50.30. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.67%. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DINO. Barclays decreased their target price on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Scotiabank lowered their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Piper Sandler dropped their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Wolfe Research initiated coverage on HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley dropped their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $55.82.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.