Equities analysts expect PBF Energy Inc (NYSE:PBF) to post $5.41 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for PBF Energy’s earnings, with the lowest sales estimate coming in at $4.55 billion and the highest estimate coming in at $6.00 billion. PBF Energy posted sales of $4.75 billion during the same quarter last year, which would indicate a positive year over year growth rate of 13.9%. The company is expected to announce its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that PBF Energy will report full-year sales of $5.41 billion for the current year, with estimates ranging from $19.28 billion to $24.00 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $21.63 billion per share, with estimates ranging from $19.47 billion to $24.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow PBF Energy.
PBF Energy (NYSE:PBF) last issued its earnings results on Thursday, February 15th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ 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 return on equity of 5.16% and a net margin of 1.91%. The business’s revenue was up 37.6% compared to the same quarter last year. During the same period last year, the business posted ($0.71) earnings per share.
PBF has been the subject of a number of research reports. Scotiabank restated a “buy” rating and set a $41.00 target price on shares of PBF Energy in a research report on Wednesday, January 10th. Barclays reaffirmed a “buy” rating and issued a $44.00 price objective on shares of PBF Energy in a report on Friday, February 16th. Citigroup lifted their price objective on shares of PBF Energy from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $34.00 price objective on shares of PBF Energy in a report on Tuesday, January 30th. Finally, ValuEngine raised shares of PBF Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.90.
Shares of PBF Energy (NYSE PBF) traded up $0.62 during trading hours on Tuesday, hitting $30.58. 2,202,923 shares of the stock were exchanged, compared to its average volume of 2,141,265. The stock has a market capitalization of $3,236.16, a price-to-earnings ratio of 8.25, a PEG ratio of 0.87 and a beta of 1.21. PBF Energy has a fifty-two week low of $18.48 and a fifty-two week high of $37.01. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, February 27th. PBF Energy’s dividend payout ratio is currently 32.52%.
A number of large investors have recently modified their holdings of the stock. State Street Corp increased its holdings in shares of PBF Energy by 48.0% in the 2nd quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock valued at $110,639,000 after purchasing an additional 1,611,707 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in PBF Energy in the 3rd quarter valued at about $838,000. Northern Trust Corp raised its holdings in PBF Energy by 63.2% during the 2nd quarter. Northern Trust Corp now owns 998,936 shares of the oil and gas company’s stock worth $22,237,000 after buying an additional 386,930 shares during the period. Bank of New York Mellon Corp raised its holdings in PBF Energy by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,018,212 shares of the oil and gas company’s stock worth $55,722,000 after buying an additional 50,806 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new stake in PBF Energy during the 2nd quarter worth about $715,000. Hedge funds and other institutional investors own 97.39% of the company’s stock.
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PBF Energy Company Profile
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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