Green Plains Inc (GPRE) Announces Quarterly Dividend of $0.08
Green Plains (NASDAQ:GPRE) declared a quarterly dividend on Thursday, August 14th, Analyst Ratings Network.com reports. Shareholders of record on Thursday, August 28th will be given a dividend of 0.08 per share on Thursday, September 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.76%.
A number of research firms have recently commented on GPRE. Analysts at Jefferies Group raised their price target on shares of Green Plains from $40.00 to $47.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. On the ratings front, analysts at Feltl & Co. upgraded shares of Green Plains from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. Finally, analysts at Wedbush raised their price target on shares of Green Plains from $29.00 to $41.00 in a research note on Thursday, July 31st. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Green Plains has a consensus rating of “Buy” and a consensus price target of $44.60.
Shares of Green Plains (NASDAQ:GPRE) traded up 0.38% on Thursday, hitting $42.54. 360,966 shares of the company’s stock traded hands. Green Plains has a 52 week low of $13.78 and a 52 week high of $42.75. The stock’s 50-day moving average is $37.26 and its 200-day moving average is $30.21. The company has a market cap of $1.598 billion and a P/E ratio of 15.80.
Green Plains (NASDAQ:GPRE) last announced its earnings results on Tuesday, July 29th. The company reported $0.82 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.96 by $0.14. 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. On average, analysts predict that Green Plains will post $3.81 earnings per share for the current fiscal year.
In other Green Plains news, EVP Carl S. Bleyl sold 46,307 shares of Green Plains stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $40.11, for a total value of $1,857,373.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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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