Equities analysts predict that Green Plains Inc (NASDAQ:GPRE) will report sales of $968.60 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Green Plains’ earnings. The lowest sales estimate is $930.00 million and the highest is $1.01 billion. Green Plains reported sales of $887.68 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is expected to announce its next quarterly earnings report on Monday, May 7th.
On average, analysts expect that Green Plains will report full-year sales of $968.60 million for the current year, with estimates ranging from $3.37 billion to $4.16 billion. For the next financial year, analysts forecast that the firm will post sales of $3.68 billion per share, with estimates ranging from $3.57 billion to $3.80 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Green Plains.
Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. The business had revenue of $920.98 million for the quarter, compared to analysts’ expectations of $953.30 million. During the same period last year, the business earned $0.47 EPS. The company’s revenue was down 1.2% compared to the same quarter last year.
In related news, insider Michelle Mapes sold 7,000 shares of Green Plains stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $19.27, for a total value of $134,890.00. Following the completion of the sale, the insider now directly owns 35,515 shares in the company, valued at approximately $684,374.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Walter S. Cronin sold 6,737 shares of Green Plains stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $16.80, for a total transaction of $113,181.60. Following the completion of the sale, the executive vice president now owns 50,200 shares of the company’s stock, valued at $843,360. The disclosure for this sale can be found here. 6.40% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GPRE. Public Employees Retirement System of Ohio raised its position in Green Plains by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock worth $156,000 after buying an additional 104 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Green Plains during the 4th quarter worth approximately $228,000. MetLife Investment Advisors LLC purchased a new position in Green Plains during the 4th quarter worth approximately $303,000. Crossmark Global Holdings Inc. purchased a new position in Green Plains during the 3rd quarter worth approximately $329,000. Finally, Stephens Inc. AR purchased a new position in Green Plains during the 4th quarter worth approximately $391,000.
Green Plains (NASDAQ GPRE) traded down $0.40 during trading hours on Friday, hitting $18.95. 417,102 shares of the stock were exchanged, compared to its average volume of 720,939. Green Plains has a twelve month low of $15.60 and a twelve month high of $26.05. The company has a market cap of $782.08, a PE ratio of 15.73, a P/E/G ratio of 3.59 and a beta of 1.43. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.72.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, February 22nd. Green Plains’s dividend payout ratio (DPR) is presently 39.02%.
About Green Plains
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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