Analysts forecast that PBF Logistics LP (NYSE:PBFX) will post sales of $65.56 million for the current quarter, according to Zacks. Four analysts have issued estimates for PBF Logistics’ earnings, with the lowest sales estimate coming in at $61.83 million and the highest estimate coming in at $68.03 million. PBF Logistics posted sales of $61.69 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 15th.
On average, analysts expect that PBF Logistics will report full-year sales of $65.56 million for the current year, with estimates ranging from $250.13 million to $256.33 million. For the next fiscal year, analysts expect that the business will post sales of $276.33 million per share, with estimates ranging from $245.79 million to $299.57 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for PBF Logistics.
Several analysts have recently commented on PBFX shares. BidaskClub raised PBF Logistics from a “strong sell” rating to a “sell” rating in a research report on Friday, November 3rd. Zacks Investment Research raised PBF Logistics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, UBS Group decreased their target price on PBF Logistics from $28.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.00.
Shares of PBF Logistics (PBFX) opened at $19.85 on Friday. The company has a market capitalization of $831.61, a price-to-earnings ratio of 8.86, a PEG ratio of 2.20 and a beta of 1.17. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.40. PBF Logistics has a 12-month low of $18.55 and a 12-month high of $22.70.
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PBF Logistics Company Profile
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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