Zacks: Analysts Anticipate PBF Energy Inc. (PBF) to Post $0.59 Earnings Per Share
Wall Street analysts forecast that PBF Energy Inc. (NYSE:PBF) will post $0.59 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for PBF Energy’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.39. PBF Energy reported earnings of ($0.71) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 183.1%. The business is expected to announce its next earnings results on Thursday, February 15th.
On average, analysts expect that PBF Energy will report full-year earnings of $1.68 per share for the current financial year, with EPS estimates ranging from $1.32 to $2.10. For the next financial year, analysts anticipate that the firm will report earnings of $2.92 per share, with EPS estimates ranging from $1.32 to $3.93. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for PBF Energy.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.22. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. The firm’s quarterly revenue was up 21.4% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Shelton Capital Management acquired a new stake in shares of PBF Energy during the 3rd quarter valued at $218,000. GSA Capital Partners LLP acquired a new stake in shares of PBF Energy during the 3rd quarter valued at $538,000. California Public Employees Retirement System lifted its position in shares of PBF Energy by 13.0% during the 3rd quarter. California Public Employees Retirement System now owns 247,948 shares of the oil and gas company’s stock valued at $6,846,000 after acquiring an additional 28,548 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of PBF Energy by 124.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 43,076 shares of the oil and gas company’s stock valued at $1,189,000 after acquiring an additional 23,906 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its position in shares of PBF Energy by 10.8% during the 3rd quarter. Vident Investment Advisory LLC now owns 115,052 shares of the oil and gas company’s stock valued at $3,177,000 after acquiring an additional 11,240 shares during the last quarter.
PBF Energy (NYSE:PBF) traded down $0.31 during trading hours on Tuesday, hitting $32.63. The company had a trading volume of 1,811,312 shares, compared to its average volume of 2,401,584. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. PBF Energy has a fifty-two week low of $18.48 and a fifty-two week high of $33.75. The firm has a market capitalization of $3,620.00, a PE ratio of 71.06, a price-to-earnings-growth ratio of 1.98 and a beta of 1.45.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. PBF Energy’s dividend payout ratio (DPR) is 60.00%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PBF Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Energy and related companies with MarketBeat.com's FREE daily email newsletter.