Wall Street brokerages expect that PBF Energy Inc (NYSE:PBF) will post earnings per share (EPS) of $0.57 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for PBF Energy’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.70. PBF Energy reported earnings per share of ($0.71) during the same quarter last year, which would suggest a positive year-over-year growth rate of 180.3%. The company is expected to report its next quarterly earnings report on Thursday, February 15th.

On average, analysts expect that PBF Energy will report full-year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.89. For the next year, analysts expect that the firm will post earnings of $3.05 per share, with EPS estimates ranging from $1.77 to $3.92. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover PBF Energy.

PBF Energy (NYSE:PBF) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.22. PBF Energy had a return on equity of 2.35% and a net margin of 1.14%. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the business earned ($0.16) EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis.

A number of research analysts recently weighed in on the company. Morgan Stanley downgraded PBF Energy from an “equal weight” rating to an “underweight” rating and set a $37.00 price target on the stock. in a research note on Thursday. Scotiabank reaffirmed a “buy” rating and set a $41.00 price target on shares of PBF Energy in a research note on Wednesday, January 10th. Zacks Investment Research downgraded PBF Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Royal Bank of Canada reaffirmed a “hold” rating and set a $28.00 price target on shares of PBF Energy in a research note on Wednesday, October 18th. Finally, Tudor Pickering raised PBF Energy from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.00.

PBF Energy (NYSE PBF) traded up $0.21 during mid-day trading on Monday, reaching $35.12. The company had a trading volume of 1,716,300 shares, compared to its average volume of 2,137,767. PBF Energy has a fifty-two week low of $18.48 and a fifty-two week high of $37.01. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.81. The firm has a market cap of $3,864.46, a P/E ratio of 16.80, a P/E/G ratio of 1.15 and a beta of 1.45.

Institutional investors and hedge funds have recently modified their holdings of the business. Flinton Capital Management LLC bought a new stake in PBF Energy during the 2nd quarter worth approximately $119,000. Riverhead Capital Management LLC bought a new stake in PBF Energy during the 2nd quarter worth approximately $186,000. Shelton Capital Management bought a new stake in PBF Energy during the 3rd quarter worth approximately $218,000. Nomura Holdings Inc. bought a new stake in PBF Energy during the 2nd quarter worth approximately $227,000. Finally, Petrus Trust Company LTA bought a new stake in PBF Energy during the 2nd quarter worth approximately $238,000.

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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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