Brokerages expect that Green Plains Partners LP (NASDAQ:GPP) will announce $21.27 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Green Plains Partners’ earnings, with the highest sales estimate coming in at $21.40 million and the lowest estimate coming in at $21.13 million. Green Plains Partners reported sales of $25.84 million during the same quarter last year, which indicates a negative year over year growth rate of 17.7%. The firm is scheduled to issue its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Green Plains Partners will report full year sales of $86.38 million for the current financial year, with estimates ranging from $85.05 million to $87.70 million. For the next fiscal year, analysts forecast that the firm will post sales of $88.49 million, with estimates ranging from $87.57 million to $89.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings data on Wednesday, May 8th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.14. Green Plains Partners had a net margin of 54.78% and a negative return on equity of 71.28%. The business had revenue of $21.09 million during the quarter, compared to analyst estimates of $22.33 million.
Shares of GPP stock traded up $0.26 on Thursday, hitting $13.89. The company’s stock had a trading volume of 10,202 shares, compared to its average volume of 34,912. Green Plains Partners has a fifty-two week low of $13.30 and a fifty-two week high of $17.75. The firm has a market cap of $321.37 million, a PE ratio of 8.74 and a beta of 0.56.
Institutional investors have recently added to or reduced their stakes in the business. Sigma Planning Corp raised its position in shares of Green Plains Partners by 12.0% during the first quarter. Sigma Planning Corp now owns 41,675 shares of the transportation company’s stock valued at $660,000 after buying an additional 4,454 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Green Plains Partners by 9.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 50,934 shares of the transportation company’s stock valued at $807,000 after buying an additional 4,479 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Green Plains Partners by 13.1% during the fourth quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock valued at $161,000 after buying an additional 1,377 shares during the last quarter. Creative Planning acquired a new position in shares of Green Plains Partners during the fourth quarter valued at about $199,000. Finally, Barclays PLC acquired a new position in shares of Green Plains Partners during the fourth quarter valued at about $118,000. 19.61% of the stock is owned by hedge funds and other institutional investors.
Green Plains Partners Company Profile
Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.
Featured Article: What is a stock buyback?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Green Plains Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Partners and related companies with MarketBeat.com's FREE daily email newsletter.