Analysts Expect PBF Energy Inc (PBF) Will Post Earnings of $0.67 Per Share

Analysts predict that PBF Energy Inc (NYSE:PBF) will post $0.67 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for PBF Energy’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $1.65. PBF Energy posted earnings per share of ($0.04) during the same quarter last year, which indicates a positive year-over-year growth rate of 1,775%. The firm is expected to announce its next earnings results on Thursday, February 21st.

According to Zacks, analysts expect that PBF Energy will report full year earnings of $2.91 per share for the current financial year, with EPS estimates ranging from $2.18 to $4.02. For the next fiscal year, analysts expect that the firm will report earnings of $5.12 per share, with EPS estimates ranging from $3.49 to $6.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover PBF Energy.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. PBF Energy had a return on equity of 8.17% and a net margin of 2.64%. The business had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the prior year, the business earned $1.44 EPS. The firm’s revenue for the quarter was up 39.6% on a year-over-year basis.

A number of research analysts recently weighed in on PBF shares. Goldman Sachs Group raised PBF Energy from a “sell” rating to a “neutral” rating in a research note on Friday, September 7th. Wells Fargo & Co dropped their price target on PBF Energy from $63.00 to $59.00 and set an “outperform” rating on the stock in a research note on Friday, August 10th. Morgan Stanley set a $54.00 price target on PBF Energy and gave the stock a “sell” rating in a research note on Friday, October 12th. Citigroup upped their price target on PBF Energy from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, September 7th. Finally, Credit Suisse Group upped their price target on PBF Energy from $46.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $45.25.

PBF stock opened at $33.75 on Monday. PBF Energy has a fifty-two week low of $28.25 and a fifty-two week high of $53.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.79. The company has a market cap of $4.22 billion, a P/E ratio of 29.61, a PEG ratio of 0.78 and a beta of 1.46.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Wednesday, November 14th. PBF Energy’s dividend payout ratio (DPR) is presently 105.26%.

Institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of PBF Energy by 38.2% in the second quarter. Millennium Management LLC now owns 1,071,985 shares of the oil and gas company’s stock worth $44,948,000 after purchasing an additional 296,586 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of PBF Energy by 2.4% in the second quarter. Canada Pension Plan Investment Board now owns 344,222 shares of the oil and gas company’s stock worth $14,433,000 after purchasing an additional 8,100 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of PBF Energy in the second quarter worth approximately $3,774,000. Bank of New York Mellon Corp raised its stake in shares of PBF Energy by 86.0% in the second quarter. Bank of New York Mellon Corp now owns 4,003,420 shares of the oil and gas company’s stock worth $167,862,000 after purchasing an additional 1,850,884 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of PBF Energy by 81.5% in the second quarter. Renaissance Technologies LLC now owns 620,400 shares of the oil and gas company’s stock worth $26,013,000 after purchasing an additional 278,600 shares during the last quarter. 93.18% of the stock is owned by hedge funds and other institutional investors.

PBF Energy Company Profile

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

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