Wall Street brokerages expect PBF Logistics LP (NYSE:PBFX) to report $76.02 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for PBF Logistics’ earnings, with the lowest sales estimate coming in at $70.73 million and the highest estimate coming in at $80.88 million. PBF Logistics posted sales of $64.04 million during the same quarter last year, which suggests a positive year over year growth rate of 18.7%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, May 1st.
On average, analysts expect that PBF Logistics will report full-year sales of $310.89 million for the current year, with estimates ranging from $287.04 million to $333.80 million. For the next fiscal year, analysts expect that the firm will report sales of $335.29 million, with estimates ranging from $295.79 million to $358.25 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover PBF Logistics.
PBF Logistics (NYSE:PBFX) last released its earnings results on Thursday, February 14th. The pipeline company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $80.00 million during the quarter, compared to analysts’ expectations of $72.79 million. PBF Logistics had a return on equity of 46.69% and a net margin of 26.75%. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period last year, the firm earned $0.50 EPS.
A number of equities research analysts recently commented on PBFX shares. Zacks Investment Research cut PBF Logistics from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Wells Fargo & Co reaffirmed a “hold” rating on shares of PBF Logistics in a research note on Monday, February 18th. Four research analysts have rated the stock with a hold rating, PBF Logistics presently has a consensus rating of “Hold” and a consensus price target of $24.33.
Shares of NYSE PBFX traded down $0.04 during midday trading on Friday, hitting $21.18. The stock had a trading volume of 50,582 shares, compared to its average volume of 49,822. The stock has a market capitalization of $960.51 million, a P/E ratio of 11.64 and a beta of 0.82. PBF Logistics has a fifty-two week low of $18.95 and a fifty-two week high of $23.69. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.05 and a current ratio of 1.05.
In related news, Director David Roush sold 6,500 shares of PBF Logistics stock in a transaction on Monday, March 4th. The stock was sold at an average price of $21.67, for a total transaction of $140,855.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its holdings in PBF Logistics by 227.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,666 shares of the pipeline company’s stock worth $94,000 after acquiring an additional 3,240 shares in the last quarter. Arlington Partners LLC bought a new position in PBF Logistics during the fourth quarter worth about $98,000. Canton Hathaway LLC bought a new position in PBF Logistics during the fourth quarter worth about $151,000. Tortoise Index Solutions LLC lifted its holdings in PBF Logistics by 100.0% during the fourth quarter. Tortoise Index Solutions LLC now owns 7,835 shares of the pipeline company’s stock worth $157,000 after acquiring an additional 3,918 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in PBF Logistics by 207.0% during the fourth quarter. Citigroup Inc. now owns 12,188 shares of the pipeline company’s stock worth $245,000 after acquiring an additional 8,218 shares in the last quarter. 34.11% of the stock is owned by institutional investors and hedge funds.
PBF Logistics Company Profile
PBF Logistics LP owns, leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets. It operates through two operating segments: Transportation and Terminaling Segment, and Storage Segment. The Storage segment consists of 30 tanks for storing crude oil, refined products and intermediates.
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