Brokerages Expect PBF Energy Inc. (PBF) to Announce $0.78 EPS
Equities research analysts expect PBF Energy Inc. (NYSE:PBF) to post earnings per share of $0.78 for the current quarter, according to Zacks. Two analysts have issued estimates for PBF Energy’s earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.60. PBF Energy posted earnings of ($0.16) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 587.5%. The firm is expected to issue its next quarterly earnings results on Friday, October 27th.
According to Zacks, analysts expect that PBF Energy will report full year earnings of $0.53 per share for the current year, with EPS estimates ranging from $0.30 to $0.85. For the next year, analysts expect that the business will post earnings of $2.30 per share, with EPS estimates ranging from $0.97 to $3.29. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover PBF Energy.
PBF Energy (NYSE:PBF) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.09. PBF Energy had a negative return on equity of 4.98% and a negative net margin of 0.23%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share.
PBF has been the topic of several research reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $20.00 price target on shares of PBF Energy in a report on Friday, July 14th. Credit Suisse Group lowered shares of PBF Energy from a “neutral” rating to an “underperform” rating and set a $18.00 price target on the stock. in a report on Tuesday, June 20th. BidaskClub lowered shares of PBF Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Scotiabank set a $24.00 price target on shares of PBF Energy and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Tudor Pickering raised shares of PBF Energy from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $24.00.
Shares of PBF Energy (PBF) traded up 1.80% during trading on Friday, hitting $25.46. 2,672,611 shares of the stock were exchanged. PBF Energy has a 52 week low of $18.48 and a 52 week high of $30.98. The firm has a 50 day moving average price of $22.31 and a 200 day moving average price of $21.94. The firm’s market capitalization is $2.79 billion.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.71%. PBF Energy’s dividend payout ratio (DPR) is currently -363.64%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its position in shares of PBF Energy by 50.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,740 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 1,580 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of PBF Energy in the 1st quarter worth approximately $113,000. Creative Planning lifted its position in shares of PBF Energy by 92.7% in the 2nd quarter. Creative Planning now owns 5,203 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 2,503 shares during the period. Flinton Capital Management LLC acquired a new position in shares of PBF Energy in the 2nd quarter worth approximately $119,000. Finally, Huntington National Bank acquired a new position in shares of PBF Energy in the 2nd quarter worth approximately $126,000.
PBF Energy Company Profile
PBF Energy Inc (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics.
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