PBF Logistics (NYSE:PBFX) announced its earnings results on Thursday. The pipeline company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09), Bloomberg Earnings reports. PBF Logistics had a return on equity of 60.86% and a net margin of 36.52%. The business had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $66.81 million. During the same period in the previous year, the company earned $0.57 earnings per share. PBF Logistics’s quarterly revenue was up 7.8% on a year-over-year basis.
Shares of PBF Logistics (NYSE:PBFX) opened at $20.70 on Friday. PBF Logistics has a 52 week low of $18.55 and a 52 week high of $22.70. The firm has a market cap of $871.43, a P/E ratio of 9.24, a P/E/G ratio of 2.25 and a beta of 1.17. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.40.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.485 per share. This is an increase from PBF Logistics’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a yield of 9.37%. The ex-dividend date is Tuesday, February 27th. PBF Logistics’s dividend payout ratio is presently 85.71%.
Several equities research analysts recently weighed in on PBFX shares. BidaskClub raised shares of PBF Logistics from a “strong sell” rating to a “sell” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of PBF Logistics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. PBF Logistics presently has an average rating of “Hold” and an average target price of $24.00.
TRADEMARK VIOLATION NOTICE: “PBF Logistics (PBFX) Issues Quarterly Earnings Results, Misses Expectations By $0.09 EPS” was posted by BBNS and is the sole property of of BBNS. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://baseballnewssource.com/markets/pbf-logistics-pbfx-issues-quarterly-earnings-results-misses-expectations-by-0-09-eps/1888453.html.
PBF Logistics Company Profile
PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The Company operates through two segments: Transportation and Terminaling, and Storage. The Transportation and Terminaling segment consists of various assets, including Delaware City Rail Unloading Terminal (DCR Rail Terminal), Toledo Truck Unloading Terminal (Toledo Truck Terminal), Delaware City West Heavy Unloading Rack (the DCR West Rack), East Coast Terminals and Torrance Valley Pipeline.
Receive News & Ratings for PBF Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Logistics and related companies with MarketBeat.com's FREE daily email newsletter.