Green Plains Inc. (NASDAQ:GPRE) – Research analysts at Jefferies Group dropped their Q3 2018 EPS estimates for shares of Green Plains in a research report issued on Monday, May 7th. Jefferies Group analyst L. Alexander now expects that the specialty chemicals company will earn $0.24 per share for the quarter, down from their previous forecast of $0.32. Jefferies Group also issued estimates for Green Plains’ Q4 2018 earnings at $0.34 EPS.
Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Monday, May 7th. The specialty chemicals company reported ($0.60) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.25). The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $926.04 million. Green Plains had a net margin of 1.08% and a negative return on equity of 5.27%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS.
Several other research firms have also recently weighed in on GPRE. BidaskClub upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Green Plains presently has an average rating of “Buy” and an average price target of $25.17.
Green Plains opened at $18.80 on Wednesday, Marketbeat reports. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 1.47. The firm has a market cap of $794.56 million, a PE ratio of -21.86, a P/E/G ratio of 4.25 and a beta of 1.36. Green Plains has a fifty-two week low of $18.77 and a fifty-two week high of $19.55.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 25th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.55%. Green Plains’s payout ratio is presently -55.81%.
In related news, EVP Michael A. Metzler sold 21,053 shares of Green Plains stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $19.00, for a total value of $400,007.00. Following the transaction, the executive vice president now owns 41,771 shares in the company, valued at approximately $793,649. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michelle Mapes sold 7,000 shares of Green Plains stock in a transaction on Monday, February 26th. The stock was sold at an average price of $19.27, for a total transaction of $134,890.00. Following the completion of the transaction, the insider now owns 35,515 shares in the company, valued at approximately $684,374.05. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Cavalier Investments LLC purchased a new position in Green Plains in the 1st quarter worth $223,000. BlackRock Inc. raised its position in Green Plains by 10.6% in the 1st quarter. BlackRock Inc. now owns 5,799,175 shares of the specialty chemicals company’s stock worth $97,425,000 after purchasing an additional 554,074 shares during the period. Northern Trust Corp raised its position in Green Plains by 2.3% in the 1st quarter. Northern Trust Corp now owns 1,182,208 shares of the specialty chemicals company’s stock worth $19,860,000 after purchasing an additional 27,129 shares during the period. Vivaldi Asset Management LLC raised its position in Green Plains by 12.0% in the 1st quarter. Vivaldi Asset Management LLC now owns 490,783 shares of the specialty chemicals company’s stock worth $8,245,000 after purchasing an additional 52,539 shares during the period. Finally, Aperio Group LLC purchased a new position in Green Plains in the 1st quarter worth $183,000.
About Green Plains
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.
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