PBF Logistics (NYSE:PBFX) announced its quarterly earnings data on Wednesday. The pipeline company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.06), Briefing.com reports. PBF Logistics had a net margin of 31.20% and a return on equity of 54.99%. The firm had revenue of $70.60 million during the quarter, compared to analysts’ expectations of $70.30 million. During the same period in the prior year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis.
Shares of PBF Logistics stock traded down $0.05 during trading hours on Thursday, hitting $21.80. The company had a trading volume of 8,661 shares, compared to its average volume of 44,958. PBF Logistics has a twelve month low of $17.75 and a twelve month high of $22.70. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 4.00. The stock has a market cap of $932.29 million, a price-to-earnings ratio of 10.05 and a beta of 1.15.
PBFX has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of PBF Logistics from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, October 26th. Credit Suisse Group initiated coverage on shares of PBF Logistics in a report on Thursday, October 11th. They issued a “neutral” rating and a $24.00 target price for the company. Finally, Wells Fargo & Co upped their target price on shares of PBF Logistics from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. PBF Logistics has an average rating of “Hold” and an average target price of $24.13.
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.
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