$0.48 EPS Expected for Green Plains Partners (GPP) This Quarter

Wall Street analysts forecast that Green Plains Partners (NASDAQ:GPP) will post earnings of $0.48 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Green Plains Partners’ earnings. The highest EPS estimate is $0.51 and the lowest is $0.46. Green Plains Partners posted earnings per share of $0.46 in the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The business is expected to report its next quarterly earnings report on Monday, May 7th.

On average, analysts expect that Green Plains Partners will report full year earnings of $2.03 per share for the current financial year, with EPS estimates ranging from $1.88 to $2.14. For the next financial year, analysts expect that the company will report earnings of $2.09 per share, with EPS estimates ranging from $1.90 to $2.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Green Plains Partners.

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Green Plains Partners (NASDAQ:GPP) last issued its earnings results on Wednesday, February 7th. The transportation company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Green Plains Partners had a negative return on equity of 92.54% and a net margin of 55.02%. The business had revenue of $28.25 million during the quarter, compared to analyst estimates of $28.22 million. During the same period in the previous year, the company posted $0.50 EPS. The firm’s revenue was down .1% compared to the same quarter last year.

A number of brokerages have commented on GPP. BidaskClub lowered Green Plains Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Zacks Investment Research lowered Green Plains Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.33.

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its holdings in Green Plains Partners by 22.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 33,076 shares of the transportation company’s stock worth $619,000 after purchasing an additional 6,073 shares in the last quarter. Ardsley Advisory Partners purchased a new position in shares of Green Plains Partners in the 4th quarter worth approximately $1,400,000. Mondrian Investment Partners LTD boosted its stake in shares of Green Plains Partners by 11.7% in the 4th quarter. Mondrian Investment Partners LTD now owns 200,552 shares of the transportation company’s stock worth $3,750,000 after buying an additional 20,956 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Green Plains Partners in the 4th quarter worth approximately $312,000. Finally, SNS Financial Group LLC boosted its stake in shares of Green Plains Partners by 30.8% in the 4th quarter. SNS Financial Group LLC now owns 353,113 shares of the transportation company’s stock worth $6,603,000 after buying an additional 83,113 shares during the last quarter. 46.00% of the stock is owned by hedge funds and other institutional investors.

Green Plains Partners stock traded down $0.10 during midday trading on Monday, reaching $17.40. The stock had a trading volume of 23,859 shares, compared to its average volume of 37,989. Green Plains Partners has a 12 month low of $16.50 and a 12 month high of $21.00. The firm has a market capitalization of $556.69, a price-to-earnings ratio of 9.61, a PEG ratio of 0.58 and a beta of 0.67. The company has a debt-to-equity ratio of -2.15, a current ratio of 1.35 and a quick ratio of 1.35.

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About Green Plains Partners

Green Plains Partners LP provides ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The company was founded in March 2, 2015 and is headquartered in Omaha, NE.

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