PBF Logistics LP (PBFX) to Release Earnings on Thursday
PBF Logistics LP (NYSE:PBFX) will release its earnings data before the market opens on Thursday, November 2nd. Analysts expect PBF Logistics to post earnings of $0.58 per share for the quarter.
PBF Logistics (NYSE:PBFX) last released its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.09). The firm had revenue of $62.30 million for the quarter, compared to analyst estimates of $58.69 million. PBF Logistics had a return on equity of 62.40% and a net margin of 39.25%. The company’s quarterly revenue was up 53.1% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. On average, analysts expect PBF Logistics to post $2.22 EPS for the current fiscal year and $2.55 EPS for the next fiscal year.
PBF Logistics LP (NYSE:PBFX) opened at 19.25 on Thursday. PBF Logistics LP has a 12-month low of $17.45 and a 12-month high of $22.70. The stock has a 50 day moving average price of $20.75 and a 200-day moving average price of $20.41. The firm has a market cap of $806.42 million, a price-to-earnings ratio of 8.71 and a beta of 1.30.
A number of analysts have recently weighed in on PBFX shares. ValuEngine upgraded PBF Logistics from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub upgraded PBF Logistics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 30th. Zacks Investment Research cut PBF Logistics from a “hold” rating to a “sell” rating in a research report on Saturday, September 30th. Finally, Credit Suisse Group set a $24.00 price target on PBF Logistics and gave the stock a “hold” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. PBF Logistics currently has an average rating of “Hold” and a consensus price target of $24.00.
About PBF Logistics
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.
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