Analysts Expect PBF Energy Inc. (PBF) Will Post Quarterly Sales of $5.12 Billion
Wall Street brokerages predict that PBF Energy Inc. (NYSE:PBF) will post $5.12 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for PBF Energy’s earnings, with estimates ranging from $4.76 billion to $5.49 billion. PBF Energy reported sales of $4.75 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The company is expected to report its next earnings report on Thursday, February 15th.
On average, analysts expect that PBF Energy will report full-year sales of $5.12 billion for the current financial year, with estimates ranging from $19.96 billion to $20.74 billion. For the next financial year, analysts anticipate that the business will post sales of $20.78 billion per share, with estimates ranging from $19.70 billion to $22.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow PBF Energy.
PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.22. PBF Energy had a net margin of 1.14% and a return on equity of 2.35%. The firm had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year.
A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in PBF Energy by 8.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,884,657 shares of the oil and gas company’s stock worth $264,551,000 after acquiring an additional 953,577 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of PBF Energy by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 9,230,934 shares of the oil and gas company’s stock valued at $205,480,000 after purchasing an additional 635,728 shares in the last quarter. BlackRock Inc. boosted its stake in shares of PBF Energy by 94.0% during the second quarter. BlackRock Inc. now owns 9,111,987 shares of the oil and gas company’s stock valued at $202,832,000 after purchasing an additional 4,415,117 shares in the last quarter. State Street Corp boosted its stake in shares of PBF Energy by 48.0% during the second quarter. State Street Corp now owns 4,969,947 shares of the oil and gas company’s stock valued at $110,639,000 after purchasing an additional 1,611,707 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of PBF Energy by 6.1% during the second quarter. LSV Asset Management now owns 2,671,984 shares of the oil and gas company’s stock valued at $59,478,000 after purchasing an additional 153,600 shares in the last quarter.
Shares of PBF Energy (NYSE PBF) opened at $33.83 on Thursday. PBF Energy has a 1 year low of $18.48 and a 1 year high of $33.94. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.50 and a current ratio of 1.50. The stock has a market cap of $3,624.59, a price-to-earnings ratio of 70.08, a PEG ratio of 1.96 and a beta of 1.46.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, November 10th. This represents a $1.20 annualized dividend and a yield of 3.55%. PBF Energy’s payout ratio is 57.42%.
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About PBF Energy
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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