Green Plains Partners LP (GPP) Scheduled to Post Quarterly Earnings on Monday
Green Plains Partners LP (NASDAQ:GPP) will be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.50 per share for the quarter.
Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings results on Monday, July 31st. The transportation company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.10). The firm had revenue of $25.10 million for the quarter, compared to analyst estimates of $29.62 million. Green Plains Partners had a negative return on equity of 90.84% and a net margin of 54.97%. The business’s revenue was down 1.6% compared to the same quarter last year. On average, analysts expect Green Plains Partners to post $1.84 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Shares of Green Plains Partners LP (NASDAQ GPP) opened at 20.05 on Monday. Green Plains Partners LP has a 52 week low of $17.05 and a 52 week high of $21.75. The firm has a market capitalization of $637.85 million, a price-to-earnings ratio of 11.08 and a beta of 1.00. The firm’s 50-day moving average price is $19.75 and its 200 day moving average price is $19.33.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, November 3rd will be given a dividend of $0.46 per share. This is a boost from Green Plains Partners’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 9.18%. Green Plains Partners’s dividend payout ratio (DPR) is presently 100.00%.
GPP has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $21.00 price target on shares of Green Plains Partners in a research report on Thursday, October 12th. Roth Capital set a $24.00 price target on Green Plains Partners and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $24.00 price target on shares of Green Plains Partners in a research report on Thursday, August 24th. BidaskClub raised Green Plains Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research raised Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Green Plains Partners presently has an average rating of “Hold” and an average target price of $22.00.
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Green Plains Partners Company Profile
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).
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