Green Plains Inc (GPRE) Expected to Post Quarterly Sales of $968.60 Million

Equities analysts expect Green Plains Inc (NASDAQ:GPRE) to report $968.60 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Green Plains’ earnings. The highest sales estimate is $1.01 billion and the lowest is $930.00 million. Green Plains posted sales of $887.68 million in the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The business is scheduled to issue its next quarterly earnings report on Monday, May 7th.

According to Zacks, analysts expect that Green Plains will report full year sales of $968.60 million for the current fiscal year, with estimates ranging from $3.37 billion to $4.16 billion. For the next fiscal year, analysts expect that the business will report 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 sell-side research analysts that cover Green Plains.

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Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.01. The business had revenue of $920.98 million during the quarter, compared to the consensus estimate of $953.30 million. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS.

A number of equities analysts recently weighed in on GPRE shares. BidaskClub raised shares of Green Plains from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. ValuEngine cut shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 price objective on shares of Green Plains in a research report on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $26.67.

In other Green Plains news, EVP Walter S. Cronin sold 6,737 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $16.80, for a total value of $113,181.60. Following the completion of the transaction, the executive vice president now owns 50,200 shares of the company’s stock, valued at approximately $843,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Todd A. Becker purchased 9,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was acquired at an average cost of $16.74 per share, with a total value of $150,660.00. Following the transaction, the insider now directly owns 716,588 shares in the company, valued at $11,995,683.12. The disclosure for this purchase can be found here. Company insiders own 6.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its position in Green Plains by 1.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after buying an additional 104 shares during the period. The Manufacturers Life Insurance Company boosted its position in Green Plains by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,433 shares of the specialty chemicals company’s stock valued at $605,000 after buying an additional 1,513 shares during the period. California Public Employees Retirement System boosted its position in Green Plains by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 222,028 shares of the specialty chemicals company’s stock valued at $4,474,000 after buying an additional 3,328 shares during the period. Teachers Advisors LLC boosted its position in Green Plains by 0.5% in the 4th quarter. Teachers Advisors LLC now owns 652,022 shares of the specialty chemicals company’s stock valued at $10,987,000 after buying an additional 3,494 shares during the period. Finally, Swiss National Bank boosted its position in Green Plains by 6.8% in the 4th quarter. Swiss National Bank now owns 64,100 shares of the specialty chemicals company’s stock valued at $1,080,000 after buying an additional 4,100 shares during the period.

Green Plains (GPRE) opened at $19.05 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.56 and a debt-to-equity ratio of 0.72. The firm has a market cap of $751.29, a P/E ratio of 15.49, a P/E/G ratio of 3.45 and a beta of 1.43. Green Plains has a 1 year low of $15.60 and a 1 year high of $26.05.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.48 annualized dividend and a yield of 2.52%. Green Plains’s dividend payout ratio is presently 39.02%.

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Green Plains Company Profile

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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Earnings History and Estimates for Green Plains (NASDAQ:GPRE)

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