Wall Street brokerages predict that PBF Energy Inc (NYSE:PBF) will announce $0.67 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for PBF Energy’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $1.65. PBF Energy posted earnings per share of ($0.04) during the same quarter last year, which suggests a positive year-over-year growth rate of 1,775%. The company is scheduled to report its next quarterly earnings report on Thursday, February 21st.

On average, analysts expect that PBF Energy will report full year earnings of $2.91 per share for the current financial year, with EPS estimates ranging from $2.18 to $4.02. For the next year, analysts expect that the business will report earnings of $5.12 per share, with EPS estimates ranging from $3.49 to $6.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover PBF Energy.

PBF Energy (NYSE:PBF) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.10. PBF Energy had a return on equity of 8.17% and a net margin of 2.64%. The company had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the previous year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year.

A number of equities research analysts have weighed in on the company. Credit Suisse Group lifted their price objective on PBF Energy from $46.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, October 5th. Citigroup lifted their price objective on PBF Energy from $50.00 to $55.00 and gave the company a “hold” rating in a report on Friday, September 7th. Goldman Sachs Group raised PBF Energy from a “sell” rating to a “neutral” rating in a report on Friday, September 7th. Finally, Morgan Stanley set a $54.00 price objective on PBF Energy and gave the company a “sell” rating in a report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. PBF Energy has an average rating of “Hold” and a consensus target price of $45.25.

PBF traded down $1.18 during trading on Monday, reaching $32.57. The company’s stock had a trading volume of 2,840,418 shares, compared to its average volume of 2,020,235. PBF Energy has a 52-week low of $28.25 and a 52-week high of $53.91. The firm has a market capitalization of $4.05 billion, a PE ratio of 28.57, a P/E/G ratio of 0.74 and a beta of 1.46. The company has a current ratio of 1.79, a quick ratio of 0.83 and a debt-to-equity ratio of 0.60.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Wednesday, November 14th. PBF Energy’s dividend payout ratio (DPR) is 105.26%.

Several large investors have recently made changes to their positions in the company. Great Lakes Advisors LLC purchased a new stake in shares of PBF Energy during the 3rd quarter worth approximately $221,000. Vanguard Group Inc. boosted its stake in shares of PBF Energy by 10.0% during the 3rd quarter. Vanguard Group Inc. now owns 12,336,119 shares of the oil and gas company’s stock worth $615,695,000 after acquiring an additional 1,121,082 shares in the last quarter. Morgan Stanley boosted its stake in shares of PBF Energy by 68.6% during the 3rd quarter. Morgan Stanley now owns 1,034,602 shares of the oil and gas company’s stock worth $51,637,000 after acquiring an additional 421,070 shares in the last quarter. Kepos Capital LP boosted its stake in shares of PBF Energy by 17.7% during the 3rd quarter. Kepos Capital LP now owns 139,605 shares of the oil and gas company’s stock worth $6,968,000 after acquiring an additional 20,958 shares in the last quarter. Finally, NorthCoast Asset Management LLC boosted its stake in shares of PBF Energy by 132.3% during the 3rd quarter. NorthCoast Asset Management LLC now owns 30,184 shares of the oil and gas company’s stock worth $1,506,000 after acquiring an additional 17,190 shares in the last quarter. 93.18% of the stock is currently owned by institutional investors and hedge funds.

PBF Energy Company Profile

PBF Energy Inc, together with its subsidiaries, engages in the refining and supply of petroleum products. The company operates through two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products.

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