Zacks: Analysts Anticipate Green Plains Inc (GPRE) Will Announce Quarterly Sales of $993.05 Million

Analysts expect that Green Plains Inc (NASDAQ:GPRE) will report $993.05 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Green Plains’ earnings, with the highest sales estimate coming in at $1.04 billion and the lowest estimate coming in at $951.10 million. Green Plains reported sales of $932.10 million in the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The company is scheduled to announce its next earnings report on Wednesday, February 14th.

On average, analysts expect that Green Plains will report full-year sales of $993.05 million for the current financial year, with estimates ranging from $3.58 billion to $3.71 billion. For the next year, analysts expect that the firm will post sales of $3.80 billion per share, with estimates ranging from $3.39 billion to $4.16 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Green Plains.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, November 1st. The specialty chemicals company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.47). Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The business had revenue of $901.20 million for the quarter, compared to analyst estimates of $933.36 million. During the same quarter last year, the company earned $0.20 earnings per share. Green Plains’s quarterly revenue was up 7.0% compared to the same quarter last year.

A number of equities research analysts have commented on GPRE shares. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reissued a “hold” rating and issued a $19.00 price objective on shares of Green Plains in a research report on Tuesday, September 5th. BMO Capital Markets reissued an “outperform” rating and issued a $25.00 price objective (down from $30.00) on shares of Green Plains in a research report on Monday, November 6th. Craig Hallum started coverage on shares of Green Plains in a research report on Thursday, September 14th. They issued a “buy” rating and a $29.00 price objective on the stock. Finally, Roth Capital set a $25.00 price objective on shares of Green Plains and gave the company a “buy” rating in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Green Plains presently has an average rating of “Hold” and an average price target of $25.33.

In related news, CFO John W. Neppl bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $16.78 per share, with a total value of $503,400.00. Following the transaction, the chief financial officer now directly owns 38,474 shares of the company’s stock, valued at approximately $645,593.72. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ejnar A. Knudsen III bought 15,483 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average cost of $16.54 per share, for a total transaction of $256,088.82. The disclosure for this purchase can be found here. Insiders purchased a total of 148,136 shares of company stock worth $2,439,918 over the last ninety days. Insiders own 6.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its position in shares of Green Plains by 1.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after buying an additional 104 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Green Plains by 28.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,599 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 2,360 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Green Plains during the 2nd quarter worth $255,000. Marshall Wace North America L.P. purchased a new position in Green Plains during the 2nd quarter worth $305,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Green Plains during the 3rd quarter worth $329,000.

Shares of Green Plains (NASDAQ GPRE) traded down $0.15 during trading hours on Friday, hitting $16.45. 1,439,635 shares of the company’s stock were exchanged, compared to its average volume of 773,804. Green Plains has a 52 week low of $15.60 and a 52 week high of $29.85. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, November 27th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Friday, November 24th. Green Plains’s dividend payout ratio (DPR) is 67.61%.

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About Green Plains

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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