Will stock surge before Earnings results? PBF Logistics (NYSE:PBFX)

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Earnings results for PBF Logistics (NYSE:PBFX)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.45 and increased over the past month from 0.42 to 0.45(7.14%). Of the 1 analysts making quarterly forecasts, 1raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 2.01 and increased over the past month from 1.96 to 2.01(2.55%). Of the 1 analysts making yearly forecasts, 1raised and none lowered their forecast.

PBF Logistics last announced its earnings data on May 15th, 2020. The pipeline company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.48 by $0.11. The firm had revenue of $93.03 million for the quarter, compared to analysts’ expectations of $88.82 million. PBF Logistics has generated $1.99 earnings per share over the last year and currently has a price-to-earnings ratio of 5.1. PBF Logistics has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020. PBF Logistics will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analyst Opinion on PBF Logistics (NYSE:PBFX)

4 Wall Street analysts have issued ratings and price targets for PBF Logistics in the last 12 months. Their average twelve-month price target is $12.50, suggesting that the stock has a possible upside of 28.21%. The high price target for PBFX is $13.50 and the low price target for PBFX is $11.00. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

PBF Logistics has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $12.50, PBF Logistics has a potential upside of 28.2% from its current price of $9.75. PBF Logistics has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: PBF Logistics (NYSE:PBFX)

PBF Logistics is a leading dividend payer. It pays a dividend yield of 13.19%, putting its dividend yield in the top 25% of dividend-paying stocks. PBF Logistics has been increasing its dividend for 5 years. The dividend payout ratio of PBF Logistics is 60.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBF Logistics will have a dividend payout ratio of 57.69% next year. This indicates that PBF Logistics will be able to sustain or increase its dividend.

Insiders buying/selling: PBF Logistics (NYSE:PBFX)

In the past three months, PBF Logistics insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $9,464.00 in company stock and sold $0.00 in company stock. Only 0.90% of the stock of PBF Logistics is held by insiders. Only 28.25% of the stock of PBF Logistics is held by institutions.

Earnings and Valuation of PBF Logistics (NYSE:PBFX

Earnings for PBF Logistics are expected to grow by 7.77% in the coming year, from $1.93 to $2.08 per share. The P/E ratio of PBF Logistics is 5.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.93. The P/E ratio of PBF Logistics is 5.10, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.32. PBF Logistics has a P/B Ratio of 5.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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