Green Plains (GPRE) Issues Earnings Results, Beats Expectations By $0.01 EPS

Green Plains (NASDAQ:GPRE) posted its earnings results on Wednesday. The specialty chemicals company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.01, Briefing.com reports. The business had revenue of $920.98 million for the quarter, compared to analysts’ expectations of $953.30 million. Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share.

Green Plains (GPRE) traded up $0.80 on Thursday, hitting $17.95. 585,438 shares of the stock traded hands, compared to its average volume of 730,765. Green Plains has a twelve month low of $15.60 and a twelve month high of $26.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.57 and a quick ratio of 0.70. The company has a market capitalization of $691.53, a PE ratio of 24.15, a P/E/G ratio of 2.85 and a beta of 1.55.

Several analysts have weighed in on the stock. BidaskClub cut shares of Green Plains from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 24th. Roth Capital set a $25.00 price objective on shares of Green Plains and gave the stock a “buy” rating in a research note on Tuesday, October 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $25.00 price objective (down from $30.00) on shares of Green Plains in a research note on Monday, November 6th. Piper Jaffray Companies raised shares of Green Plains from a “neutral” rating to an “overweight” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Green Plains currently has a consensus rating of “Hold” and a consensus price target of $26.67.

In related news, Director Wayne Hoovestol purchased 102,653 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $16.37 per share, with a total value of $1,680,429.61. Following the completion of the purchase, the director now directly owns 218,277 shares of the company’s stock, valued at $3,573,194.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ejnar A. Knudsen III purchased 15,483 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were bought at an average cost of $16.54 per share, for a total transaction of $256,088.82. The disclosure for this purchase can be found here. Insiders have bought 127,136 shares of company stock worth $2,087,178 over the last three months. 6.40% of the stock is owned by insiders.

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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.

Earnings History for Green Plains (NASDAQ:GPRE)

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