Wall Street analysts forecast that PBF Energy Inc (NYSE:PBF) will report earnings per share of $0.86 for the current quarter, according to Zacks. Eight analysts have made estimates for PBF Energy’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.79. PBF Energy reported earnings per share of $1.38 in the same quarter last year, which suggests a negative year over year growth rate of 37.7%. The company is expected to announce its next earnings report before the market opens on Thursday, August 1st.
According to Zacks, analysts expect that PBF Energy will report full-year earnings of $1.42 per share for the current year, with EPS estimates ranging from $0.62 to $2.22. For the next fiscal year, analysts expect that the firm will post earnings of $5.45 per share, with EPS estimates ranging from $3.70 to $8.12. Zacks’ EPS averages are an average based on a survey of analysts that cover PBF Energy.
PBF Energy (NYSE:PBF) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.23). PBF Energy had a net margin of 1.23% and a return on equity of 8.25%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter last year, the business posted ($0.29) earnings per share. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year.
A number of equities analysts recently issued reports on PBF shares. Credit Suisse Group restated a “buy” rating and issued a $29.00 target price on shares of Clovis Oncology in a report on Wednesday, May 15th. ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. TheStreet cut Viewray from a “c-” rating to a “d” rating in a report on Friday, May 3rd. Bank of America restated a “buy” rating and issued a $420.00 target price (up from $400.00) on shares of Lendingtree in a report on Monday, April 29th. Finally, Raymond James restated a “hold” rating on shares of Snc-Lavalin Group in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.33.
In related news, CEO Thomas J. Nimbley bought 40,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average cost of $23.76 per share, for a total transaction of $950,400.00. Following the acquisition, the chief executive officer now directly owns 405,990 shares of the company’s stock, valued at approximately $9,646,322.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Carso S.A. De C.V. Inversora bought 1,609,796 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average price of $28.95 per share, for a total transaction of $46,603,594.20. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of PBF Energy by 1.1% during the second quarter. Arizona State Retirement System now owns 86,984 shares of the oil and gas company’s stock valued at $2,723,000 after buying an additional 927 shares in the last quarter. Brookstone Capital Management purchased a new position in shares of PBF Energy during the second quarter valued at $477,000. W.E. Donoghue & Co. LLC purchased a new position in shares of PBF Energy during the second quarter valued at $722,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of PBF Energy during the second quarter valued at $242,000. Finally, World Asset Management Inc grew its holdings in shares of PBF Energy by 5.7% during the second quarter. World Asset Management Inc now owns 9,880 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 536 shares in the last quarter. Institutional investors and hedge funds own 88.88% of the company’s stock.
Shares of NYSE PBF traded up $0.21 during mid-day trading on Friday, reaching $28.51. The company had a trading volume of 57,096 shares, compared to its average volume of 1,567,470. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.54 and a current ratio of 1.53. The stock has a market capitalization of $3.39 billion, a PE ratio of 8.77, a PEG ratio of 2.80 and a beta of 1.61. The business has a 50-day moving average price of $27.72. PBF Energy has a 1-year low of $23.67 and a 1-year high of $53.91.
About PBF Energy
PBF Energy, Inc engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. It operates through the Refining and Logistics segments. The Refining segment refines crude oil and other feedstocks into petroleum products.
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