Equities analysts forecast that PBF Logistics LP (NYSE:PBFX) will announce $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for PBF Logistics’ earnings, with estimates ranging from $0.37 to $0.46. PBF Logistics posted earnings of $0.46 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 8.7%. The business is scheduled to announce its next earnings results on Thursday, August 1st.
On average, analysts expect that PBF Logistics will report full year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.60 to $1.80. For the next fiscal year, analysts anticipate that the company will report earnings of $1.99 per share, with EPS estimates ranging from $1.81 to $2.28. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow PBF Logistics.
PBF Logistics (NYSE:PBFX) last released its earnings results on Wednesday, May 1st. The pipeline company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.04). PBF Logistics had a return on equity of 45.77% and a net margin of 25.11%. The business had revenue of $78.85 million for the quarter, compared to the consensus estimate of $79.08 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year.
Shares of NYSE:PBFX traded down $0.11 on Thursday, hitting $20.61. 60,100 shares of the company’s stock were exchanged, compared to its average volume of 85,421. PBF Logistics has a 12 month low of $18.95 and a 12 month high of $23.69. The company has a market cap of $939.63 million, a price-to-earnings ratio of 11.32 and a beta of 0.81. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.73.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from PBF Logistics’s previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a yield of 9.90%. PBF Logistics’s payout ratio is presently 110.99%.
In other PBF Logistics news, Director David Roush sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $21.67, for a total value of $140,855.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A number of large investors have recently made changes to their positions in the business. Avalon Advisors LLC lifted its holdings in PBF Logistics by 3.3% in the first quarter. Avalon Advisors LLC now owns 52,378 shares of the pipeline company’s stock valued at $1,101,000 after acquiring an additional 1,680 shares during the period. Green Square Capital LLC lifted its holdings in PBF Logistics by 1.5% in the fourth quarter. Green Square Capital LLC now owns 149,502 shares of the pipeline company’s stock valued at $3,005,000 after acquiring an additional 2,176 shares during the period. Arrow Investment Advisors LLC lifted its holdings in PBF Logistics by 10.7% in the first quarter. Arrow Investment Advisors LLC now owns 24,536 shares of the pipeline company’s stock valued at $516,000 after acquiring an additional 2,370 shares during the period. Bank of Montreal Can lifted its holdings in PBF Logistics by 16.1% in the fourth quarter. Bank of Montreal Can now owns 23,163 shares of the pipeline company’s stock valued at $466,000 after acquiring an additional 3,213 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of PBF Logistics by 227.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,666 shares of the pipeline company’s stock worth $94,000 after buying an additional 3,240 shares during the period. 34.05% of the stock is owned by 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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