|Bid||21.65 x 1300|
|Ask||24.32 x 1200|
|Day's Range||23.01 - 25.33|
|52 Week Range||9.81 - 25.74|
|Beta (5Y Monthly)||2.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 04, 2021 - May 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 15, 2020|
|1y Target Est||25.00|
Refiner Delek US Holdings Inc on Wednesday rejected CVR Energy Inc's nominees to its board, raising concerns about their independence, days after the Carl Icahn-backed company questioned the compensation of Delek's chief executive. CVR, which owns about 15% of Delek and is its largest stockholder, questioned the compensation of Delek's CEO, Uzi Yemin, after it said it was not interested in buying the refiner and sought to replace three Delek directors. Delek said it was also apparent from its interviews with each nominee that "they each maintain personal relationships" with CVR's CEO David Lamp, which raises serious concerns regarding their independence and commitment to acting in the interests of Delek shareholders.
In Q4, CVR Energy (NYSE:CVI) posted sales of $1.12 billion. Earnings were up 165.22%, but CVR Energy still reported an overall loss of $122.00 million. CVR Energy collected $1.00 billion in revenue during Q3, but reported earnings showed a $46.00 million loss. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q4, CVR Energy posted an ROCE of -0.1%. Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future. View more earnings on CVI Return on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders. For CVR Energy, the return on capital employed ratio shows the current amount of assets may not actually be helping the company achieve higher returns, a note many investors will take into account when making long-term financial decisions. Q4 Earnings Insight CVR Energy reported Q4 earnings per share at $-1.18/share, which did not meet analyst predictions of $-0.72/share. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 22, 2021Preview: CVR Energy's Earnings© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
It is now my pleasure to introduce your host, Richard Roberts, Senior Manager of Financial Planning and Analysis and Investor Relations. With me today are Dave Lamp, our Chief Executive Officer; Tracy Jackson, our Chief Financial Officer; and other members of management.