Equities analysts expect PBF Logistics LP (NYSE:PBFX) to post $73.70 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for PBF Logistics’ earnings, with the lowest sales estimate coming in at $70.73 million and the highest estimate coming in at $76.44 million. PBF Logistics reported sales of $64.04 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 2nd.
On average, analysts expect that PBF Logistics will report full year sales of $301.27 million for the current financial year, with estimates ranging from $287.04 million to $311.84 million. For the next fiscal year, analysts anticipate that the company will report sales of $324.40 million, with estimates ranging from $295.79 million to $351.83 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for PBF Logistics.
Get PBF Logistics alerts:PBF Logistics (NYSE:PBFX) last announced its quarterly earnings results on Thursday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. PBF Logistics had a net margin of 26.75% and a return on equity of 48.53%. The firm had revenue of $80.00 million for the quarter, compared to analyst estimates of $72.79 million. During the same period last year, the business earned $0.50 EPS. PBF Logistics’s revenue for the quarter was up 20.3% compared to the same quarter last year.
Several equities research analysts recently commented on PBFX shares. Wells Fargo & Co reissued a “hold” rating on shares of PBF Logistics in a research report on Monday, February 18th. Zacks Investment Research raised shares of PBF Logistics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.88.
NYSE:PBFX traded down $0.08 during midday trading on Monday, hitting $21.71. 88,700 shares of the company were exchanged, compared to its average volume of 111,233. PBF Logistics has a fifty-two week low of $17.75 and a fifty-two week high of $23.69. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $997.02 million, a P/E ratio of 11.93 and a beta of 0.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Friday, March 1st will be given a dividend of $0.505 per share. This is an increase from PBF Logistics’s previous quarterly dividend of $0.50. This represents a $2.02 annualized dividend and a yield of 9.30%. The ex-dividend date is Thursday, February 28th. PBF Logistics’s dividend payout ratio (DPR) is presently 109.89%.
In other PBF Logistics news, Director David Roush sold 6,500 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $21.67, for a total transaction of $140,855.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
A number of institutional investors have recently modified their holdings of PBFX. PNC Financial Services Group Inc. grew its position in PBF Logistics by 227.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,666 shares of the pipeline company’s stock worth $94,000 after purchasing an additional 3,240 shares during the last quarter. Arlington Partners LLC purchased a new stake in shares of PBF Logistics in the fourth quarter valued at about $98,000. Canton Hathaway LLC purchased a new stake in shares of PBF Logistics in the fourth quarter valued at about $151,000. Tortoise Index Solutions LLC boosted its holdings in shares of PBF Logistics by 100.0% in the fourth quarter. Tortoise Index Solutions LLC now owns 7,835 shares of the pipeline company’s stock valued at $157,000 after acquiring an additional 3,918 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of PBF Logistics by 207.0% in the fourth quarter. Citigroup Inc. now owns 12,188 shares of the pipeline company’s stock valued at $245,000 after acquiring an additional 8,218 shares in the last quarter. 34.48% of the stock is currently owned by institutional investors.
About PBF Logistics
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 Transportation and Terminaling, and Storage segments. The company's assets include Delaware City rail unloading terminal, a light crude oil rail unloading terminal, which serves Delaware City and Paulsboro refineries; Toledo truck unloading Terminal, that serves Toledo refinery; Delaware City west heavy unloading rack, a heavy crude oil unloading facility, which serves Delaware City refinery; and a terminaling facility that consists of 27 propane storage bullets and a truck loading facility.
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