Green Plains Partners LP (GPP) Expected to Announce Earnings of $0.49 Per Share
Equities research analysts predict that Green Plains Partners LP (NASDAQ:GPP) will report earnings of $0.49 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Green Plains Partners’ earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.46. Green Plains Partners reported earnings of $0.44 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.4%. The business is expected to announce its next earnings results on Monday, October 30th.
According to Zacks, analysts expect that Green Plains Partners will report full-year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.80 to $1.88. For the next financial year, analysts expect that the business will report earnings of $2.03 per share, with EPS estimates ranging from $1.97 to $2.13. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings data on Monday, July 31st. The transportation company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.10. The company had revenue of $25.10 million for the quarter, compared to the consensus estimate of $29.62 million. Green Plains Partners had a negative return on equity of 90.84% and a net margin of 54.97%. Green Plains Partners’s quarterly revenue was down 1.6% on a year-over-year basis.
Several equities analysts have recently issued reports on GPP shares. Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 target price on shares of Green Plains Partners in a report on Tuesday, June 6th. ValuEngine lowered shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 target price on shares of Green Plains Partners in a report on Friday, June 23rd. Zacks Investment Research lowered shares of Green Plains Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Bank of America Corporation lowered shares of Green Plains Partners from a “buy” rating to an “underperform” rating and lowered their target price for the company from $22.00 to $19.00 in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Green Plains Partners currently has a consensus rating of “Hold” and a consensus price target of $22.07.
Shares of Green Plains Partners (NASDAQ:GPP) opened at 19.35 on Friday. The firm’s 50-day moving average price is $19.00 and its 200-day moving average price is $19.34. Green Plains Partners has a one year low of $17.05 and a one year high of $21.75. The company has a market capitalization of $615.58 million, a price-to-earnings ratio of 10.70 and a beta of 0.99.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, August 4th were issued a $0.45 dividend. This is a positive change from Green Plains Partners’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a yield of 9.30%. The ex-dividend date was Wednesday, August 2nd. Green Plains Partners’s payout ratio is presently 100.00%.
TRADEMARK VIOLATION WARNING: “Green Plains Partners LP (GPP) Expected to Announce Earnings of $0.49 Per Share” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/09/green-plains-partners-lp-gpp-expected-to-announce-earnings-of-0-49-per-share.html.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its holdings in Green Plains Partners by 11.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock worth $274,000 after acquiring an additional 1,417 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Green Plains Partners in the 2nd quarter worth approximately $213,000. UBS Group AG raised its holdings in Green Plains Partners by 0.7% in the 1st quarter. UBS Group AG now owns 335,212 shares of the transportation company’s stock worth $6,738,000 after acquiring an additional 2,301 shares during the last quarter. Sigma Planning Corp purchased a new position in Green Plains Partners in the 2nd quarter worth approximately $503,000. Finally, Mondrian Investment Partners LTD raised its holdings in Green Plains Partners by 107.3% in the 2nd quarter. Mondrian Investment Partners LTD now owns 179,596 shares of the transportation company’s stock worth $3,358,000 after acquiring an additional 92,963 shares during the last quarter. Institutional investors own 44.81% of the company’s stock.
About Green Plains Partners
Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Green Plains Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.