Wall Street analysts forecast that PBF Energy Inc (NYSE:PBF) will report earnings per share (EPS) of $1.41 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for PBF Energy’s earnings, with estimates ranging from $0.99 to $2.09. PBF Energy posted earnings per share of ($0.06) in the same quarter last year, which indicates a positive year-over-year growth rate of 2,450%. The business is expected to report its next earnings results before the market opens on Thursday, August 2nd.
On average, analysts expect that PBF Energy will report full year earnings of $3.60 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $5.86. For the next financial year, analysts expect that the company will report earnings of $5.01 per share, with EPS estimates ranging from $3.54 to $8.14. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for PBF Energy.
Get PBF Energy alerts:PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, May 3rd. The oil and gas company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.10). The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.43 billion. PBF Energy had a return on equity of 4.39% and a net margin of 2.09%. PBF Energy’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.20) EPS.
A number of brokerages have recently weighed in on PBF. ValuEngine lowered shares of PBF Energy from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Macquarie raised shares of PBF Energy from a “neutral” rating to an “outperform” rating in a research note on Monday. Scotiabank reaffirmed a “sector perform” rating on shares of PBF Energy in a research note on Thursday, April 12th. Citigroup lowered shares of PBF Energy from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research note on Wednesday, April 18th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price target on shares of PBF Energy from $37.00 to $38.00 and gave the stock a “sell” rating in a research note on Monday, April 16th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $38.00.
A number of hedge funds have recently added to or reduced their stakes in the stock. Polianta Ltd acquired a new stake in PBF Energy during the second quarter valued at approximately $1,127,000. Empowered Funds LLC acquired a new stake in PBF Energy during the second quarter valued at approximately $1,434,000. Clinton Group Inc. acquired a new stake in PBF Energy during the second quarter valued at approximately $1,095,000. Dorsey Wright & Associates acquired a new stake in PBF Energy during the second quarter valued at approximately $614,000. Finally, Cerebellum GP LLC acquired a new stake in PBF Energy during the second quarter valued at approximately $175,000. 95.07% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:PBF traded up $0.40 during trading on Thursday, reaching $44.14. The company had a trading volume of 72,289 shares, compared to its average volume of 2,172,990. The firm has a market cap of $4.76 billion, a P/E ratio of 38.37, a P/E/G ratio of 1.18 and a beta of 1.22. PBF Energy has a twelve month low of $19.46 and a twelve month high of $50.99. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.74.
About PBF Energy
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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