Equities analysts expect PBF Logistics LP (NYSE:PBFX) to report sales of $76.02 million for the current quarter, according to Zacks. Three analysts have made estimates for PBF Logistics’ earnings, with the highest sales estimate coming in at $80.88 million and the lowest estimate coming in at $70.73 million. PBF Logistics reported sales of $64.04 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.7%. The firm is expected to issue its next earnings report before the market opens on Wednesday, May 1st.

According to Zacks, analysts expect that PBF Logistics will report full year sales of $310.89 million for the current fiscal year, with estimates ranging from $287.04 million to $333.80 million. For the next year, analysts expect that the firm will post sales of $335.29 million, with estimates ranging from $295.79 million to $358.25 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for PBF Logistics.

PBF Logistics (NYSE:PBFX) last posted its quarterly earnings data on Thursday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. PBF Logistics had a net margin of 26.75% and a return on equity of 46.69%. The company had revenue of $80.00 million during the quarter, compared to the consensus estimate of $72.79 million. During the same period in the previous year, the firm posted $0.50 EPS. The firm’s revenue was up 20.3% compared to the same quarter last year.

Several research firms have weighed in on PBFX. Zacks Investment Research raised shares of PBF Logistics from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Wells Fargo & Co reissued a “hold” rating on shares of PBF Logistics in a research note on Monday, February 18th. Four research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $24.33.

Shares of NYSE PBFX traded down $0.04 during mid-day trading on Friday, reaching $21.18. 50,582 shares of the company were exchanged, compared to its average volume of 49,822. PBF Logistics has a 52 week low of $18.95 and a 52 week high of $23.69. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $960.51 million, a P/E ratio of 11.64 and a beta of 0.82.

In other PBF Logistics news, Director David Roush sold 6,500 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $21.67, for a total value of $140,855.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

A number of institutional investors have recently bought and sold shares of PBFX. JPMorgan Chase & Co. lifted its stake in PBF Logistics by 62.2% in the third quarter. JPMorgan Chase & Co. now owns 76,662 shares of the pipeline company’s stock worth $1,652,000 after purchasing an additional 29,399 shares during the last quarter. Tortoise Capital Advisors L.L.C. bought a new position in shares of PBF Logistics during the third quarter valued at about $38,278,000. Renaissance Technologies LLC raised its stake in shares of PBF Logistics by 99.9% during the third quarter. Renaissance Technologies LLC now owns 101,500 shares of the pipeline company’s stock valued at $2,187,000 after acquiring an additional 50,728 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of PBF Logistics during the third quarter valued at about $2,473,000. Finally, Arlington Partners LLC bought a new position in shares of PBF Logistics during the fourth quarter valued at about $98,000. 34.11% of the stock is owned by institutional investors and hedge funds.

About PBF Logistics

PBF Logistics LP owns, leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets. It operates through two operating segments: Transportation and Terminaling Segment, and Storage Segment. The Storage segment consists of 30 tanks for storing crude oil, refined products and intermediates.

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