Brokerages predict that Renewable Energy Group Inc (NASDAQ:REGI) will post sales of $595.77 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Renewable Energy Group’s earnings, with the highest sales estimate coming in at $621.00 million and the lowest estimate coming in at $574.10 million. Renewable Energy Group reported sales of $597.75 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.3%. The company is expected to issue its next earnings results on Tuesday, November 5th.
On average, analysts expect that Renewable Energy Group will report full-year sales of $2.20 billion for the current year, with estimates ranging from $2.16 billion to $2.26 billion. For the next financial year, analysts anticipate that the business will report sales of $2.32 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Renewable Energy Group.
Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.92). The firm had revenue of $560.64 million for the quarter, compared to analysts’ expectations of $572.93 million. Renewable Energy Group had a negative return on equity of 5.90% and a negative net margin of 2.88%.
In related news, VP Gary Haer sold 19,675 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $16.28, for a total value of $320,309.00. Following the sale, the vice president now directly owns 29,185 shares of the company’s stock, valued at $475,131.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cynthia J. Warner purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average cost of $14.16 per share, for a total transaction of $56,640.00. Following the completion of the acquisition, the insider now directly owns 62,578 shares of the company’s stock, valued at $886,104.48. The disclosure for this purchase can be found here. Insiders own 3.01% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in REGI. Royce & Associates LP bought a new stake in Renewable Energy Group during the first quarter valued at $38,000. Tower Research Capital LLC TRC increased its stake in Renewable Energy Group by 4,539.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 2,860 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Renewable Energy Group by 734.1% during the second quarter. Meeder Asset Management Inc. now owns 10,393 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 9,147 shares during the last quarter. Private Advisors LLC bought a new stake in Renewable Energy Group during the second quarter valued at $174,000. Finally, SG Americas Securities LLC increased its stake in Renewable Energy Group by 7.6% during the first quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock valued at $190,000 after purchasing an additional 613 shares during the last quarter.
Shares of NASDAQ REGI traded down $0.40 during midday trading on Thursday, reaching $10.95. 802,538 shares of the stock were exchanged, compared to its average volume of 644,547. The company has a market capitalization of $415.70 million, a P/E ratio of 1.62 and a beta of 1.20. Renewable Energy Group has a 52-week low of $9.90 and a 52-week high of $32.52. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $14.45 and a 200-day moving average price of $19.53.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
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