PBF Logistics (NYSE:PBFX) Issues Earnings Results, Beats Expectations By $0.02 EPS

PBF Logistics (NYSE:PBFX) released its quarterly earnings results on Thursday. The pipeline company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02, Briefing.com reports. The business had revenue of $92.20 million for the quarter, compared to analysts’ expectations of $88.73 million. PBF Logistics had a net margin of 28.14% and a return on equity of 65.51%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share.

PBF Logistics stock traded down $0.07 during trading hours on Friday, hitting $20.96. 1,252 shares of the stock traded hands, compared to its average volume of 65,834. PBF Logistics has a one year low of $19.32 and a one year high of $23.69. The firm’s 50-day moving average price is $20.99 and its two-hundred day moving average price is $20.89. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 7.48. The company has a market cap of $1.29 billion, a PE ratio of 12.32, a PEG ratio of 2.39 and a beta of 0.84.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 9.92%. This is a boost from PBF Logistics’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, February 24th. PBF Logistics’s payout ratio is presently 114.29%.

PBFX has been the subject of several research reports. Zacks Investment Research lowered shares of PBF Logistics from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 25th. Wells Fargo & Co reaffirmed a “hold” rating on shares of PBF Logistics in a research note on Friday, December 6th.

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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Earnings History for PBF Logistics (NYSE:PBFX)

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