Equities research analysts forecast that PBF Logistics LP (NYSE:PBFX) will post earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for PBF Logistics’ earnings. The highest EPS estimate is $0.53 and the lowest is $0.52. PBF Logistics posted earnings per share of $0.52 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The business is scheduled to issue its next earnings results before the market opens on Thursday, February 13th.

On average, analysts expect that PBF Logistics will report full-year earnings of $1.73 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $2.13 per share, with EPS estimates ranging from $2.01 to $2.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover PBF Logistics.

PBF Logistics (NYSE:PBFX) last released its quarterly earnings results on Thursday, October 31st. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. PBF Logistics had a return on equity of 65.51% and a net margin of 28.14%. The business had revenue of $86.40 million during the quarter, compared to analyst estimates of $85.61 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. PBF Logistics’s revenue for the quarter was up 22.4% on a year-over-year basis.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered PBF Logistics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of PBF Logistics in a research note on Friday, December 6th.

Shares of NYSE PBFX traded up $0.02 during mid-day trading on Wednesday, reaching $21.54. The company’s stock had a trading volume of 67,600 shares, compared to its average volume of 62,060. The firm has a market capitalization of $1.34 billion, a PE ratio of 11.84, a P/E/G ratio of 2.44 and a beta of 0.79. The company has a debt-to-equity ratio of 7.48, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a fifty day moving average of $20.67 and a two-hundred day moving average of $20.91. PBF Logistics has a 52 week low of $19.32 and a 52 week high of $23.69.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrow Investment Advisors LLC boosted its stake in shares of PBF Logistics by 7.7% in the third quarter. Arrow Investment Advisors LLC now owns 20,532 shares of the pipeline company’s stock worth $434,000 after acquiring an additional 1,468 shares during the period. California Public Employees Retirement System boosted its stake in shares of PBF Logistics by 49.9% in the third quarter. California Public Employees Retirement System now owns 21,200 shares of the pipeline company’s stock worth $448,000 after acquiring an additional 7,055 shares during the period. Spirit of America Management Corp NY boosted its stake in shares of PBF Logistics by 71.0% in the third quarter. Spirit of America Management Corp NY now owns 120,800 shares of the pipeline company’s stock worth $2,555,000 after acquiring an additional 50,175 shares during the period. Wiley BROS. Aintree Capital LLC bought a new position in shares of PBF Logistics in the third quarter worth about $374,000. Finally, Royal Bank of Canada boosted its stake in shares of PBF Logistics by 21.4% in the second quarter. Royal Bank of Canada now owns 3,966 shares of the pipeline company’s stock worth $84,000 after acquiring an additional 700 shares during the period. 31.34% of the stock is owned by hedge funds and other institutional investors.

PBF Logistics Company Profile

PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates through two segments, Transportation and Terminaling; and Storage. The company's assets include Delaware City Refining Company LLC (DCR) rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR Truck Rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville Terminals, which consists of two refined product terminals located in Knoxville, Tennessee.

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