Equities research analysts expect PBF Logistics LP (NYSE:PBFX) to report $64.81 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for PBF Logistics’ earnings. The highest sales estimate is $67.07 million and the lowest is $60.81 million. PBF Logistics reported sales of $60.48 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The firm is expected to report its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that PBF Logistics will report full year sales of $64.81 million for the current fiscal year, with estimates ranging from $245.79 million to $295.29 million. For the next fiscal year, analysts anticipate that the company will report sales of $316.58 million per share, with estimates ranging from $245.79 million to $387.23 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow PBF Logistics.
PBF Logistics (NYSE:PBFX) last released its earnings results on Thursday, February 15th. The pipeline company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). The company had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $66.81 million. PBF Logistics had a return on equity of 60.45% and a net margin of 36.52%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS.
Separately, Zacks Investment Research downgraded shares of PBF Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.
Shares of PBF Logistics (NYSE PBFX) opened at $19.40 on Friday. The firm has a market cap of $840.11, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. PBF Logistics has a 12-month low of $18.55 and a 12-month high of $22.30. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.15 and a current ratio of 2.15.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were issued a $0.485 dividend. This is an increase from PBF Logistics’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 10.00%. The ex-dividend date was Tuesday, February 27th. PBF Logistics’s dividend payout ratio is 89.40%.
Several hedge funds have recently added to or reduced their stakes in PBFX. First Republic Investment Management Inc. purchased a new stake in shares of PBF Logistics in the 3rd quarter valued at $206,000. Institutional & Family Asset Management LLC purchased a new stake in shares of PBF Logistics in the 3rd quarter valued at $299,000. Alps Advisors Inc. purchased a new stake in shares of PBF Logistics in the 3rd quarter valued at $468,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of PBF Logistics in the 4th quarter valued at $484,000. Finally, Raymond James & Associates purchased a new stake in shares of PBF Logistics in the 4th quarter valued at $539,000. 35.35% of the stock is currently owned by institutional investors and hedge funds.
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About PBF Logistics
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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