Equities research analysts expect that PBF Logistics LP (NYSE:PBFX) will announce $0.50 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for PBF Logistics’ earnings. The highest EPS estimate is $0.58 and the lowest is $0.45. PBF Logistics posted earnings of $0.63 per share during the same quarter last year, which indicates a negative year over year growth rate of 20.6%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, October 31st.

According to Zacks, analysts expect that PBF Logistics will report full year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.75 to $2.09. For the next year, analysts anticipate that the firm will post earnings of $2.03 per share, with EPS estimates ranging from $1.78 to $2.26. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow PBF Logistics.

PBF Logistics (NYSE:PBFX) last announced its quarterly earnings results on Thursday, August 2nd. The pipeline company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). PBF Logistics had a return on equity of 54.99% and a net margin of 31.20%. The business had revenue of $67.40 million during the quarter, compared to analysts’ expectations of $70.06 million. During the same period in the previous year, the company posted $0.49 EPS. PBF Logistics’s revenue for the quarter was up 8.1% on a year-over-year basis.

Several brokerages have recently weighed in on PBFX. Wells Fargo & Co upped their price target on shares of PBF Logistics from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 13th. Zacks Investment Research cut shares of PBF Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.88.

A number of large investors have recently bought and sold shares of PBFX. Raymond James Financial Services Advisors Inc. purchased a new stake in PBF Logistics during the second quarter valued at approximately $203,000. California Public Employees Retirement System purchased a new stake in PBF Logistics during the second quarter valued at approximately $257,000. First Republic Investment Management Inc. purchased a new stake in PBF Logistics during the second quarter valued at approximately $391,000. Alps Advisors Inc. purchased a new stake in PBF Logistics during the second quarter valued at approximately $467,000. Finally, Bank of Montreal Can purchased a new stake in PBF Logistics during the second quarter valued at approximately $945,000. 29.61% of the stock is owned by institutional investors.

Shares of PBFX traded down $0.20 during mid-day trading on Thursday, hitting $22.00. The company’s stock had a trading volume of 1,300 shares, compared to its average volume of 34,515. PBF Logistics has a 52-week low of $17.75 and a 52-week high of $22.70. The stock has a market capitalization of $999.85 million, a PE ratio of 10.14 and a beta of 1.15. The company has a debt-to-equity ratio of 4.00, a quick ratio of 2.56 and a current ratio of 2.56.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Wednesday, August 15th were given a dividend of $0.495 per share. This is a boost from PBF Logistics’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $1.98 dividend on an annualized basis and a yield of 9.00%. PBF Logistics’s dividend payout ratio is presently 91.24%.

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 Transportation and Terminaling, and Storage segments. The company's assets include Delaware City rail unloading terminal, a light crude oil rail unloading terminal, which serves Delaware City and Paulsboro refineries; Toledo truck unloading Terminal, that serves Toledo refinery; Delaware City west heavy unloading rack, a heavy crude oil unloading facility, which serves Delaware City refinery; and a terminaling facility that consists of 27 propane storage bullets and a truck loading facility.

See Also: Intrinsic Value

Get a free copy of the Zacks research report on PBF Logistics (PBFX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PBF Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PBF Logistics and related companies with MarketBeat.com's FREE daily email newsletter.