Analysts predict that PBF Logistics LP (NYSE:PBFX) will report sales of $83.46 million for the current quarter, according to Zacks. Three analysts have made estimates for PBF Logistics’ earnings, with the highest sales estimate coming in at $84.98 million and the lowest estimate coming in at $81.55 million. PBF Logistics reported sales of $93.03 million in the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The company is scheduled to issue its next earnings report before the market opens on Thursday, April 29th.
On average, analysts expect that PBF Logistics will report full year sales of $342.35 million for the current fiscal year, with estimates ranging from $333.83 million to $350.62 million. For the next financial year, analysts anticipate that the company will post sales of $339.28 million, with estimates ranging from $320.14 million to $352.93 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover PBF Logistics.
PBF Logistics (NYSE:PBFX) last released its quarterly earnings results on Thursday, February 11th. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). PBF Logistics had a return on equity of 121.45% and a net margin of 40.23%. The firm had revenue of $89.09 million for the quarter, compared to analysts’ expectations of $86.46 million.
Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in PBF Logistics in the 4th quarter valued at about $78,000. State of Tennessee Treasury Department boosted its stake in shares of PBF Logistics by 37.1% during the 3rd quarter. State of Tennessee Treasury Department now owns 14,423 shares of the pipeline company’s stock worth $118,000 after acquiring an additional 3,904 shares in the last quarter. Vident Investment Advisory LLC lifted its stake in PBF Logistics by 5.8% in the 4th quarter. Vident Investment Advisory LLC now owns 19,870 shares of the pipeline company’s stock valued at $182,000 after buying an additional 1,092 shares in the last quarter. Arrow Investment Advisors LLC increased its holdings in PBF Logistics by 8.1% in the 4th quarter. Arrow Investment Advisors LLC now owns 27,047 shares of the pipeline company’s stock valued at $247,000 after purchasing an additional 2,032 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in PBF Logistics by 8.9% in the 4th quarter. Citigroup Inc. now owns 41,136 shares of the pipeline company’s stock valued at $376,000 after purchasing an additional 3,371 shares in the last quarter. Hedge funds and other institutional investors own 24.76% of the company’s stock.
Shares of PBFX traded up $0.20 during midday trading on Friday, hitting $14.61. 638 shares of the stock were exchanged, compared to its average volume of 303,481. PBF Logistics has a 52-week low of $5.52 and a 52-week high of $15.14. The stock has a fifty day simple moving average of $13.73 and a 200 day simple moving average of $10.51. The firm has a market cap of $911.17 million, a P/E ratio of 6.13 and a beta of 1.79. The company has a debt-to-equity ratio of 4.78, a quick ratio of 1.84 and a current ratio of 1.84.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Thursday, February 25th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.21%. The ex-dividend date of this dividend was Wednesday, February 24th. PBF Logistics’s dividend payout ratio (DPR) is presently 60.30%.
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 in two segments, Transportation and Terminaling; and Storage. The company's assets include the 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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