Analysts expect Pacific Ethanol, Inc. (NASDAQ:PEIX) to announce $422.11 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Pacific Ethanol’s earnings. The lowest sales estimate is $409.70 million and the highest is $437.50 million. Pacific Ethanol reported sales of $441.72 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.4%. The company is expected to issue its next earnings report on Wednesday, March 7th.

On average, analysts expect that Pacific Ethanol will report full year sales of $422.11 million for the current financial year, with estimates ranging from $1.65 billion to $1.68 billion. For the next financial year, analysts expect that the business will post sales of $1.76 billion per share, with estimates ranging from $1.71 billion to $1.81 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Pacific Ethanol.

Pacific Ethanol (NASDAQ:PEIX) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.09. Pacific Ethanol had a negative net margin of 0.51% and a negative return on equity of 2.13%. The business had revenue of $445.40 million during the quarter, compared to the consensus estimate of $434.57 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The company’s revenue was up 6.6% on a year-over-year basis.

Several research analysts have recently issued reports on the stock. B. Riley assumed coverage on shares of Pacific Ethanol in a report on Tuesday, November 28th. They set a “buy” rating and a $7.00 price target for the company. HC Wainwright reiterated a “buy” rating and set a $14.00 price target on shares of Pacific Ethanol in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Pacific Ethanol from a “hold” rating to a “strong sell” rating in a report on Saturday, October 28th. Finally, ValuEngine downgraded shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $11.50.

Shares of Pacific Ethanol (NASDAQ:PEIX) traded up $0.05 during trading hours on Tuesday, hitting $4.55. 258,100 shares of the stock traded hands, compared to its average volume of 592,167. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.30 and a quick ratio of 1.53. Pacific Ethanol has a 52 week low of $4.10 and a 52 week high of $10.95.

Several large investors have recently made changes to their positions in PEIX. Boston Partners increased its holdings in shares of Pacific Ethanol by 55.6% during the third quarter. Boston Partners now owns 2,561,600 shares of the oil and gas company’s stock worth $14,217,000 after buying an additional 915,830 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Pacific Ethanol by 56.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,645,060 shares of the oil and gas company’s stock valued at $11,269,000 after purchasing an additional 590,856 shares during the period. Candlewood Investment Group LP increased its holdings in Pacific Ethanol by 19.3% in the second quarter. Candlewood Investment Group LP now owns 3,254,318 shares of the oil and gas company’s stock valued at $20,339,000 after purchasing an additional 526,901 shares during the period. JPMorgan Chase & Co. increased its holdings in Pacific Ethanol by 61.5% in the third quarter. JPMorgan Chase & Co. now owns 967,792 shares of the oil and gas company’s stock valued at $5,371,000 after purchasing an additional 368,649 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Pacific Ethanol by 47.9% in the third quarter. Russell Investments Group Ltd. now owns 1,117,432 shares of the oil and gas company’s stock valued at $6,200,000 after purchasing an additional 362,062 shares during the period. Institutional investors own 80.54% of the company’s stock.

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Pacific Ethanol Company Profile

Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.

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Earnings History and Estimates for Pacific Ethanol (NASDAQ:PEIX)

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