Equities analysts forecast that Pacific Ethanol, Inc. (NASDAQ:PEIX) will announce $422.28 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pacific Ethanol’s earnings, with the lowest sales estimate coming in at $393.25 million and the highest estimate coming in at $455.00 million. Pacific Ethanol reported sales of $422.86 million during the same quarter last year, which indicates a negative year over year growth rate of 0.1%. The business is expected to announce its next earnings report on Wednesday, July 26th.

On average, analysts expect that Pacific Ethanol will report full year sales of $422.28 million for the current financial year, with estimates ranging from $1.71 billion to $1.76 billion. For the next financial year, analysts anticipate that the business will report sales of $1.86 billion per share, with estimates ranging from $1.79 billion to $1.90 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Pacific Ethanol.

Pacific Ethanol (NASDAQ:PEIX) last posted its earnings results on Tuesday, May 9th. The oil and gas company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.27. Pacific Ethanol had a net margin of 0.12% and a return on equity of 0.52%. The firm had revenue of $386.30 million during the quarter, compared to the consensus estimate of $385.81 million. During the same quarter last year, the firm posted ($0.32) EPS. The business’s revenue was up 12.8% on a year-over-year basis.

Several brokerages recently commented on PEIX. HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Pacific Ethanol in a research note on Wednesday, June 28th. ValuEngine raised shares of Pacific Ethanol from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research downgraded shares of Pacific Ethanol from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.33.

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A number of institutional investors have recently modified their holdings of the stock. Federated Investors Inc. PA bought a new position in shares of Pacific Ethanol during the fourth quarter valued at approximately $107,000. Two Sigma Investments LP bought a new position in shares of Pacific Ethanol during the fourth quarter valued at approximately $145,000. OppenheimerFunds Inc. increased its position in shares of Pacific Ethanol by 4.7% in the first quarter. OppenheimerFunds Inc. now owns 16,212 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 728 shares during the last quarter. American International Group Inc. increased its position in shares of Pacific Ethanol by 7.1% in the first quarter. American International Group Inc. now owns 17,659 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 1,163 shares during the last quarter. Finally, KCG Holdings Inc. bought a new position in shares of Pacific Ethanol during the first quarter valued at approximately $149,000. 63.87% of the stock is owned by institutional investors and hedge funds.

Pacific Ethanol (PEIX) remained flat at $6.30 on Wednesday. The company had a trading volume of 333,954 shares. The stock has a market cap of $275.36 million, a P/E ratio of 350.00 and a beta of 2.19. The stock’s 50-day moving average is $6.12 and its 200-day moving average is $6.90. Pacific Ethanol has a 52 week low of $5.62 and a 52 week high of $10.95.

Pacific Ethanol Company Profile

Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.

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