Vertex Energy, Inc (VTNR) Expected to Announce Earnings of -$0.04 Per Share
Wall Street brokerages expect that Vertex Energy, Inc (NASDAQ:VTNR) will announce earnings of ($0.04) per share for the current quarter, according to Zacks. Three analysts have issued estimates for Vertex Energy’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.07). Vertex Energy reported earnings per share of ($0.20) during the same quarter last year, which indicates a positive year-over-year growth rate of 80%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Vertex Energy will report full-year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.23) to ($0.19). For the next financial year, analysts expect that the business will report earnings of ($0.05) per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vertex Energy.
Vertex Energy (NASDAQ:VTNR) last announced its earnings results on Wednesday, May 10th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.07. Vertex Energy had a negative return on equity of 16.86% and a negative net margin of 5.63%. The business had revenue of $34.77 million for the quarter, compared to analysts’ expectations of $30.03 million.
A number of brokerages have issued reports on VTNR. Zacks Investment Research raised shares of Vertex Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine raised shares of Vertex Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd.
Shares of Vertex Energy (NASDAQ:VTNR) opened at 1.10 on Tuesday. Vertex Energy has a 12 month low of $0.90 and a 12 month high of $1.80. The stock’s market capitalization is $35.36 million. The stock’s 50 day moving average price is $1.03 and its 200-day moving average price is $1.14.
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An institutional investor recently raised its position in Vertex Energy stock. Prescott Group Capital Management L.L.C. raised its position in shares of Vertex Energy, Inc (NASDAQ:VTNR) by 0.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 137,582 shares of the industrial products company’s stock after buying an additional 872 shares during the period. Prescott Group Capital Management L.L.C. owned 0.41% of Vertex Energy worth $153,000 at the end of the most recent reporting period. 23.59% of the stock is currently owned by institutional investors and hedge funds.
Vertex Energy Company Profile
Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.
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