Brokerages predict that Renewable Energy Group Inc (NASDAQ:REGI) will announce earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Renewable Energy Group’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.00. Renewable Energy Group posted earnings per share of $0.66 in the same quarter last year, which suggests a negative year over year growth rate of 92.4%. The business is expected to announce its next quarterly earnings results on Tuesday, March 3rd.
On average, analysts expect that Renewable Energy Group will report full-year earnings of ($3.16) per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of $2.33 per share, with EPS estimates ranging from $2.30 to $2.35. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Renewable Energy Group.
REGI has been the subject of a number of research reports. BidaskClub raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. BWS Financial reaffirmed a “buy” rating on shares of Renewable Energy Group in a report on Friday, September 6th. HC Wainwright assumed coverage on Renewable Energy Group in a research report on Tuesday. They set a “buy” rating and a $35.00 target price for the company. ValuEngine raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Renewable Energy Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $30.75.
NASDAQ REGI traded up $0.56 on Thursday, reaching $17.81. The company had a trading volume of 27,086 shares, compared to its average volume of 542,515. The firm’s 50 day moving average price is $16.55 and its 200 day moving average price is $14.96. Renewable Energy Group has a 12 month low of $9.90 and a 12 month high of $29.61. The stock has a market capitalization of $672.26 million, a PE ratio of 2.63 and a beta of 1.23. The company has a quick ratio of 0.77, a current ratio of 1.43 and a debt-to-equity ratio of 0.22.
Several large investors have recently made changes to their positions in the business. First Trust Advisors LP lifted its stake in shares of Renewable Energy Group by 2.0% during the 1st quarter. First Trust Advisors LP now owns 104,698 shares of the oil and gas company’s stock worth $2,299,000 after acquiring an additional 2,098 shares during the last quarter. 6 Meridian grew its holdings in Renewable Energy Group by 5.4% during the 2nd quarter. 6 Meridian now owns 26,769 shares of the oil and gas company’s stock worth $425,000 after acquiring an additional 1,375 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Renewable Energy Group by 5.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,234,135 shares of the oil and gas company’s stock valued at $19,574,000 after purchasing an additional 66,769 shares during the period. Arizona State Retirement System raised its holdings in shares of Renewable Energy Group by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 58,355 shares of the oil and gas company’s stock valued at $926,000 after purchasing an additional 815 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of Renewable Energy Group by 29.1% in the 2nd quarter. Strs Ohio now owns 42,600 shares of the oil and gas company’s stock worth $675,000 after purchasing an additional 9,600 shares during the period.
About Renewable Energy Group
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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