Analysts Anticipate PBF Logistics LP (NYSE:PBFX) to Post $0.39 Earnings Per Share

Wall Street brokerages expect PBF Logistics LP (NYSE:PBFX) to post earnings per share (EPS) of $0.39 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for PBF Logistics’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.48. PBF Logistics posted earnings of $0.37 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The company is expected to report its next earnings report on Thursday, August 6th.

On average, analysts expect that PBF Logistics will report full-year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.71 to $2.18. For the next financial year, analysts forecast that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.85 to $2.28. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover PBF Logistics.

PBF Logistics (NYSE:PBFX) last announced its quarterly earnings data on Friday, May 15th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.11. PBF Logistics had a return on equity of 113.76% and a net margin of 33.22%. The business had revenue of $93.03 million during the quarter, compared to analysts’ expectations of $88.82 million.

Several research analysts have recently weighed in on the company. UBS Group decreased their price target on PBF Logistics from $18.50 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Raymond James cut PBF Logistics from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 12th. Wells Fargo & Co decreased their price target on PBF Logistics from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Credit Suisse Group boosted their price target on PBF Logistics from $11.00 to $13.50 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, ValuEngine cut PBF Logistics from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.13.

Shares of PBFX stock traded up $0.15 during mid-day trading on Tuesday, hitting $10.40. The company’s stock had a trading volume of 961,234 shares, compared to its average volume of 552,869. PBF Logistics has a 52-week low of $3.06 and a 52-week high of $22.00. The business has a 50-day moving average price of $8.31 and a 200 day moving average price of $15.45. The company has a debt-to-equity ratio of 8.32, a quick ratio of 3.64 and a current ratio of 3.64. The stock has a market cap of $648.42 million, a price-to-earnings ratio of 5.25 and a beta of 1.67.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.54%. The ex-dividend date of this dividend is Tuesday, May 26th. PBF Logistics’s dividend payout ratio is presently 60.30%.

In related news, insider Carso S.A. De C.V. Inversora purchased 50,000 shares of the business’s stock in a transaction on Thursday, March 26th. The stock was acquired at an average price of $5.34 per share, with a total value of $267,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 318,344 shares of company stock valued at $1,553,425 in the last three months. 0.90% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBFX. Advisor Group Holdings Inc. bought a new position in shares of PBF Logistics in the first quarter worth about $41,000. Tower Research Capital LLC TRC boosted its stake in shares of PBF Logistics by 712.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,436 shares of the pipeline company’s stock worth $49,000 after acquiring an additional 2,136 shares during the period. Arlington Partners LLC boosted its stake in shares of PBF Logistics by 73.1% in the first quarter. Arlington Partners LLC now owns 8,471 shares of the pipeline company’s stock worth $57,000 after acquiring an additional 3,578 shares during the period. Advisor Group Inc. boosted its stake in shares of PBF Logistics by 206.8% in the fourth quarter. Advisor Group Inc. now owns 5,283 shares of the pipeline company’s stock worth $107,000 after acquiring an additional 3,561 shares during the period. Finally, Vident Investment Advisory LLC bought a new position in shares of PBF Logistics in the first quarter worth about $111,000. 28.15% of the stock is owned by hedge funds and other institutional investors.

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 two segments, Transportation and Terminaling; and Storage. The company's assets include Delaware City Refining Company LLC (DCR) rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR Truck Rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville Terminals, which consists of two refined product terminals located in Knoxville, Tennessee.

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Earnings History and Estimates for PBF Logistics (NYSE:PBFX)

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