Equities analysts predict that PBF Logistics LP (NYSE:PBFX) will post $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for PBF Logistics’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.44. PBF Logistics posted earnings per share of $0.46 in the same quarter last year, which would suggest a negative year over year growth rate of 10.9%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, August 1st.
On average, analysts expect that PBF Logistics will report full-year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.60 to $1.80. For the next year, analysts forecast that the business will report earnings of $2.03 per share, with EPS estimates ranging from $1.88 to $2.28. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover PBF Logistics.
PBF Logistics (NYSE:PBFX) last released its earnings results on Wednesday, May 1st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.04). PBF Logistics had a net margin of 25.11% and a return on equity of 45.77%. The business had revenue of $78.85 million for the quarter, compared to analysts’ expectations of $79.08 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. PBF Logistics’s revenue for the quarter was up 21.8% on a year-over-year basis.
Separately, Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.
Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of PBF Logistics by 3.4% during the first quarter. JPMorgan Chase & Co. now owns 715,598 shares of the pipeline company’s stock valued at $15,042,000 after purchasing an additional 23,512 shares during the last quarter. Green Square Capital LLC lifted its holdings in shares of PBF Logistics by 1.5% during the fourth quarter. Green Square Capital LLC now owns 149,502 shares of the pipeline company’s stock valued at $3,005,000 after purchasing an additional 2,176 shares during the last quarter. Avalon Advisors LLC lifted its holdings in shares of PBF Logistics by 3.3% during the first quarter. Avalon Advisors LLC now owns 52,378 shares of the pipeline company’s stock valued at $1,101,000 after purchasing an additional 1,680 shares during the last quarter. Arrow Investment Advisors LLC lifted its holdings in shares of PBF Logistics by 10.7% during the first quarter. Arrow Investment Advisors LLC now owns 24,536 shares of the pipeline company’s stock valued at $516,000 after purchasing an additional 2,370 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of PBF Logistics by 14.0% during the first quarter. Advisory Services Network LLC now owns 21,978 shares of the pipeline company’s stock valued at $462,000 after purchasing an additional 2,697 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.
Shares of PBFX stock traded down $0.03 during trading hours on Wednesday, hitting $21.43. 106 shares of the company’s stock traded hands, compared to its average volume of 90,605. The stock has a fifty day moving average price of $20.52. PBF Logistics has a 12-month low of $19.17 and a 12-month high of $23.69. The firm has a market cap of $1.33 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 3.14 and a beta of 0.79. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.96 and a current ratio of 0.96.
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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