Green Plains, Inc. to Issue Quarterly Dividend of $0.12 (GPRE)
Green Plains, Inc. (NASDAQ:GPRE) declared a quarterly dividend on Thursday, August 17th, Wall Street Journal reports. Stockholders of record on Monday, August 28th will be paid a dividend of 0.12 per share by the specialty chemicals company on Friday, September 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, August 24th.
Shares of Green Plains (GPRE) traded down 3.92% on Thursday, hitting $17.15. 1,101,915 shares of the stock were exchanged. The firm has a market cap of $711.45 million, a price-to-earnings ratio of 100.29 and a beta of 1.42. Green Plains has a one year low of $17.08 and a one year high of $29.85. The firm’s 50 day moving average price is $19.42 and its 200 day moving average price is $22.24.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.29. The business had revenue of $886.30 million during the quarter, compared to analyst estimates of $986.88 million. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Equities analysts anticipate that Green Plains will post ($0.21) earnings per share for the current year.
GPRE has been the topic of several recent research reports. Zacks Investment Research cut shares of Green Plains from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Green Plains in a report on Wednesday, July 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 target price on shares of Green Plains in a report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 target price on shares of Green Plains in a report on Tuesday, May 2nd. Finally, BidaskClub cut shares of Green Plains from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Green Plains has a consensus rating of “Hold” and a consensus target price of $27.29.
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In related news, Director James F. Crowley sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $21.92, for a total transaction of $43,840.00. Following the completion of the sale, the director now directly owns 23,209 shares in the company, valued at $508,741.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alain Treuer sold 25,900 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $19.51, for a total transaction of $505,309.00. Following the sale, the director now owns 336,008 shares of the company’s stock, valued at $6,555,516.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,602 shares of company stock valued at $1,875,511. Corporate insiders own 6.40% of the company’s stock.
Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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