Brokerages Anticipate PBF Logistics LP (NYSE:PBFX) to Post $0.51 Earnings Per Share

Brokerages forecast that PBF Logistics LP (NYSE:PBFX) will announce $0.51 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for PBF Logistics’ earnings, with estimates ranging from $0.50 to $0.52. PBF Logistics posted earnings per share of $0.40 in the same quarter last year, which would suggest a positive year over year growth rate of 27.5%. The company is scheduled to issue its next earnings report on Wednesday, May 6th.

According to Zacks, analysts expect that PBF Logistics will report full year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.18. For the next fiscal year, analysts forecast that the business will post earnings of $2.29 per share, with EPS estimates ranging from $2.28 to $2.29. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover PBF Logistics.

PBF Logistics (NYSE:PBFX) last announced its earnings results on Thursday, February 13th. The pipeline company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $92.20 million for the quarter, compared to the consensus estimate of $88.73 million. PBF Logistics had a return on equity of 79.56% and a net margin of 29.48%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS.

Several brokerages have weighed in on PBFX. Zacks Investment Research downgraded PBF Logistics from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 25th. Wells Fargo & Co reaffirmed a “hold” rating on shares of PBF Logistics in a research note on Friday, December 6th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of PBF Logistics by 712.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,436 shares of the pipeline company’s stock worth $49,000 after buying an additional 2,136 shares in the last quarter. Royal Bank of Canada raised its stake in shares of PBF Logistics by 21.4% in the 2nd quarter. Royal Bank of Canada now owns 3,966 shares of the pipeline company’s stock worth $84,000 after buying an additional 700 shares in the last quarter. Arlington Partners LLC bought a new stake in shares of PBF Logistics in the 4th quarter worth $99,000. Sunbelt Securities Inc. bought a new stake in shares of PBF Logistics in the 4th quarter worth $25,312,000. Finally, Advisor Group Inc. raised its stake in shares of PBF Logistics by 206.8% in the 4th quarter. Advisor Group Inc. now owns 5,283 shares of the pipeline company’s stock worth $107,000 after buying an additional 3,561 shares in the last quarter. 31.02% of the stock is currently owned by institutional investors.

PBF Logistics stock traded down $0.02 during mid-day trading on Friday, hitting $19.59. 159,500 shares of the company’s stock traded hands, compared to its average volume of 76,513. The firm has a 50 day moving average price of $21.11 and a 200 day moving average price of $20.87. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 7.48. The company has a market cap of $1.27 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 2.40 and a beta of 0.84. PBF Logistics has a one year low of $19.32 and a one year high of $22.91.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, February 25th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 10.62%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from PBF Logistics’s previous quarterly dividend of $0.52. PBF Logistics’s payout ratio is currently 104.52%.

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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Earnings History and Estimates for PBF Logistics (NYSE:PBFX)

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