PBF Energy (PBF) Scheduled to Post Earnings on Wednesday

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PBF Energy (NYSE:PBF) will be posting its Q114 quarterly earnings results on Wednesday, April 30th. Analysts expect PBF Energy to post earnings of $0.79 per share and revenue of $4.53 billion for the quarter.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.21. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $5.00 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts expect PBF Energy to post $3.30 EPS for the current fiscal year and $3.54 EPS for the next fiscal year.

PBF Energy (NYSE:PBF) opened at 29.39 on Tuesday. PBF Energy has a 52-week low of $20.15 and a 52-week high of $33.21. The stock has a 50-day moving average of $26.93 and a 200-day moving average of $27.2. The company has a market cap of $1.607 billion and a P/E ratio of 24.10.

A number of analysts have recently weighed in on PBF shares. Analysts at BofA Merrill Lynch reiterated a “buy” rating on shares of PBF Energy in a research note on Wednesday, April 23rd. They now have a $35.00 price target on the stock. On the ratings front, analysts at Bank of America initiated coverage on shares of PBF Energy in a research note on Tuesday, April 22nd. They set a “buy” rating and a $35.00 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of PBF Energy from a “neutral” rating to a “buy” rating in a research note on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.59.

PBF Energy Inc (NYSE:PBF) is an independent petroleum refiners and suppliers of unbranded transportation fuels, heating oils, petrochemical feedstocks, lubricants and other petroleum products in the United States.

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