Green Plains (GPRE) Releases Quarterly Earnings Results, Misses Expectations By $0.14 EPS
Green Plains (NASDAQ:GPRE) issued its quarterly earnings data on Tuesday. The company reported $0.82 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.96 by $0.14, AmericanBankingNews.com reports. The company had revenue of $837.90 million for the quarter, compared to the consensus estimate of $854.13 million. During the same quarter last year, the company posted $0.19 earnings per share. Green Plains’s revenue was up 4.1% compared to the same quarter last year.
A number of research firms have recently commented on GPRE. Analysts at Imperial Capital raised their price target on shares of Green Plains from $35.00 to $50.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. On a related note, analysts at Piper Jaffray raised their price target on shares of Green Plains from $36.00 to $45.00 in a research note on Monday, July 14th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of Green Plains from a “neutral” rating to an “outperform” rating in a research note on Friday, July 11th. They now have a $38.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.14.
Shares of Green Plains (NASDAQ:GPRE) traded down 1.31% during mid-day trading on Tuesday, hitting $39.30. The stock had a trading volume of 2,048,675 shares. Green Plains has a one year low of $13.78 and a one year high of $39.97. The stock has a 50-day moving average of $34.43 and a 200-day moving average of $28.67. The company has a market cap of $1.470 billion and a P/E ratio of 18.15.
Green Plains Inc (NASDAQ:GPRE), formerly Green Plains Renewable Energy, Inc, incorporated on June 29, 2004, is vertically integrated producer, marketer and distributer of ethanol.
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