Analysts Expect PBF Logistics (PBFX) Will Post Earnings of $0.52 Per Share

Analysts expect PBF Logistics (NYSE:PBFX) to post $0.52 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for PBF Logistics’ earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.62. PBF Logistics reported earnings of $0.55 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.5%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that PBF Logistics will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $1.75 to $2.63. For the next financial year, analysts expect that the company will report earnings of $2.30 per share, with EPS estimates ranging from $1.88 to $2.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow PBF Logistics.

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PBF Logistics (NYSE:PBFX) last issued its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The business had revenue of $66.51 million for the quarter, compared to analyst estimates of $66.81 million. PBF Logistics had a net margin of 36.52% and a return on equity of 60.45%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share.

PBFX has been the subject of a number of analyst reports. Zacks Investment Research cut shares of PBF Logistics from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Citigroup reduced their price objective on shares of PBF Logistics from $25.00 to $22.50 and set a “buy” rating for the company in a report on Tuesday, March 27th. Finally, ValuEngine lowered shares of PBF Logistics from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. PBF Logistics presently has a consensus rating of “Hold” and a consensus price target of $23.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBFX. Green Square Capital LLC bought a new position in shares of PBF Logistics during the fourth quarter valued at about $2,334,000. Goldman Sachs Group Inc. lifted its position in shares of PBF Logistics by 3.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,150,472 shares of the pipeline company’s stock valued at $45,052,000 after purchasing an additional 62,739 shares in the last quarter. Neuberger Berman Group LLC bought a new position in shares of PBF Logistics during the third quarter valued at about $1,217,000. Deutsche Bank AG lifted its position in shares of PBF Logistics by 12.7% during the fourth quarter. Deutsche Bank AG now owns 329,581 shares of the pipeline company’s stock valued at $6,904,000 after purchasing an additional 37,186 shares in the last quarter. Finally, Spirit of America Management Corp NY bought a new position in shares of PBF Logistics during the fourth quarter valued at about $765,000. 35.35% of the stock is currently owned by institutional investors.

Shares of NYSE PBFX traded up $0.05 during mid-day trading on Tuesday, reaching $20.20. 94,783 shares of the company’s stock traded hands, compared to its average volume of 67,887. The stock has a market capitalization of $806.59, a P/E ratio of 9.32, a P/E/G ratio of 2.31 and a beta of 1.18. PBF Logistics has a 1-year low of $17.75 and a 1-year high of $22.30. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.15 and a quick ratio of 2.15.

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PBF Logistics Company Profile

PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates through Transportation and Terminaling, and Storage segments. The company's assets include Delaware City rail unloading terminal, a light crude oil rail unloading terminal, which serves Delaware City and Paulsboro refineries; Toledo truck unloading Terminal, that serves Toledo refinery; Delaware City west heavy unloading rack, a heavy crude oil unloading facility, which serves Delaware City refinery; and a terminaling facility that consists of 27 propane storage bullets and a truck loading facility.

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