$0.23 EPS Expected for PBF Energy (PBF) This Quarter

Analysts forecast that PBF Energy (NYSE:PBF) will announce $0.23 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for PBF Energy’s earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at $0.99. PBF Energy posted earnings per share of ($0.20) in the same quarter last year, which would indicate a positive year-over-year growth rate of 215%. The firm is expected to announce its next earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that PBF Energy will report full year earnings of $3.37 per share for the current fiscal year, with EPS estimates ranging from $2.17 to $5.19. For the next fiscal year, analysts anticipate that the business will report earnings of $3.94 per share, with EPS estimates ranging from $2.76 to $5.53. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow PBF Energy.

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PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). The company had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $5.23 billion. PBF Energy had a net margin of 1.91% and a return on equity of 4.97%. The business’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.71) earnings per share.

Several brokerages recently commented on PBF. Cowen downgraded PBF Energy from an “outperform” rating to a “market perform” rating and raised their target price for the company from $30.00 to $31.00 in a report on Friday, February 16th. JPMorgan Chase downgraded PBF Energy from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Credit Suisse Group began coverage on PBF Energy in a report on Monday. They set a “neutral” rating and a $37.00 target price on the stock. Citigroup raised their target price on PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded PBF Energy from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Saturday, December 23rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. PBF Energy has a consensus rating of “Hold” and a consensus price target of $37.50.

A number of hedge funds have recently bought and sold shares of PBF. Millennium Management LLC purchased a new stake in PBF Energy during the 4th quarter worth approximately $55,967,000. Acadian Asset Management LLC increased its holdings in PBF Energy by 12,300.4% during the 4th quarter. Acadian Asset Management LLC now owns 1,110,832 shares of the oil and gas company’s stock worth $39,380,000 after purchasing an additional 1,101,874 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in PBF Energy during the 4th quarter worth approximately $21,897,000. Arrowstreet Capital Limited Partnership increased its holdings in PBF Energy by 187.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 874,725 shares of the oil and gas company’s stock worth $31,009,000 after purchasing an additional 570,856 shares during the last quarter. Finally, Spark Investment Management LLC increased its holdings in PBF Energy by 343.5% during the 4th quarter. Spark Investment Management LLC now owns 678,600 shares of the oil and gas company’s stock worth $24,056,000 after purchasing an additional 525,600 shares during the last quarter.

Shares of NYSE:PBF traded up $0.37 during mid-day trading on Tuesday, hitting $34.82. 1,491,172 shares of the company traded hands, compared to its average volume of 2,097,558. The company has a market cap of $3,865.77, a P/E ratio of 30.50, a PEG ratio of 1.03 and a beta of 1.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.57. PBF Energy has a 52-week low of $18.48 and a 52-week high of $37.01.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.20 annualized dividend and a yield of 3.45%. PBF Energy’s dividend payout ratio is presently 105.26%.

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About PBF Energy

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

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