Green Plains, Inc. (GPRE) Set to Announce Earnings on Monday
Green Plains, Inc. (NASDAQ:GPRE) is set to post its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Green Plains to post earnings of $0.29 per share for the quarter.
Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.29). The company had revenue of $886.30 million during the quarter, compared to the consensus estimate of $986.88 million. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. Green Plains’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. On average, analysts expect Green Plains to post $-0.32 EPS for the current fiscal year and $1.06 EPS for the next fiscal year.
Green Plains, Inc. (NASDAQ:GPRE) opened at 19.30 on Monday. Green Plains, Inc. has a one year low of $16.35 and a one year high of $29.85. The company has a market cap of $800.64 million, a price-to-earnings ratio of 112.87 and a beta of 1.37. The stock has a 50 day moving average of $19.72 and a 200-day moving average of $20.78.
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Several brokerages recently weighed in on GPRE. Zacks Investment Research upgraded shares of Green Plains from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Piper Jaffray Companies restated a “hold” rating and issued a $28.00 price target on shares of Green Plains in a research report on Friday, July 14th. Jefferies Group LLC cut their price objective on shares of Green Plains from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, July 10th. ValuEngine upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Craig Hallum started coverage on shares of Green Plains in a research report on Thursday, September 14th. They set a “buy” rating and a $29.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.50.
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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