Zacks: Analysts Expect PBF Logistics LP (PBFX) Will Post Earnings of $0.52 Per Share
Analysts expect that PBF Logistics LP (NYSE:PBFX) will announce $0.52 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made 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 per share of $0.55 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.5%. The company is scheduled to report its next earnings report on Thursday, May 3rd.
On average, analysts expect that PBF Logistics will report full year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $1.75 to $2.63. For the next financial year, analysts anticipate that the company will post earnings of $2.30 per share, with EPS estimates ranging from $1.88 to $2.66. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow PBF Logistics.
PBF Logistics (NYSE:PBFX) last announced its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.09). PBF Logistics had a net margin of 36.52% and a return on equity of 60.45%. The business had revenue of $66.51 million during the quarter, compared to analysts’ expectations of $66.81 million. During the same period last year, the company posted $0.57 EPS. PBF Logistics’s revenue for the quarter was up 7.8% on a year-over-year basis.
Shares of PBF Logistics (NYSE:PBFX) traded down $0.20 during trading on Wednesday, hitting $19.85. 16,640 shares of the stock were exchanged, compared to its average volume of 68,998. PBF Logistics has a 12 month low of $18.55 and a 12 month high of $22.30. The stock has a market cap of $846.39, a PE ratio of 9.15, a price-to-earnings-growth ratio of 2.42 and a beta of 1.16. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.49.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.94 annualized dividend and a yield of 9.77%. This is a boost from PBF Logistics’s previous quarterly dividend of $0.48. PBF Logistics’s dividend payout ratio is presently 89.40%.
A number of institutional investors and hedge funds have recently made changes to their positions in PBFX. Green Square Capital LLC purchased a new stake in PBF Logistics during the 4th quarter valued at $2,334,000. Goldman Sachs Group Inc. boosted its position in PBF Logistics by 3.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,150,472 shares of the pipeline company’s stock valued at $45,052,000 after buying an additional 62,739 shares during the period. Neuberger Berman Group LLC purchased a new stake in PBF Logistics during the 3rd quarter valued at $1,217,000. Arrow Investment Advisors LLC purchased a new stake in PBF Logistics during the 3rd quarter valued at $793,000. Finally, Deutsche Bank AG boosted its position in PBF Logistics by 12.7% during the 4th quarter. Deutsche Bank AG now owns 329,581 shares of the pipeline company’s stock valued at $6,904,000 after buying an additional 37,186 shares during the period. 35.35% of the stock is owned by institutional investors and hedge funds.
PBF Logistics Company Profile
PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline.
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