Equities research analysts predict that Pacific Ethanol Inc (NASDAQ:PEIX) will announce sales of $422.11 million for the current fiscal quarter, Zacks reports. Four analysts have issued 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 firm is expected to report its next earnings results on Wednesday, March 7th.

On average, analysts expect that Pacific Ethanol will report full year sales of $422.11 million for the current fiscal year, with estimates ranging from $1.65 billion to $1.68 billion. For the next year, analysts anticipate that the company will report sales of $1.76 billion per share, with estimates ranging from $1.71 billion to $1.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for 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 analysts’ consensus estimates of ($0.10) by $0.09. Pacific Ethanol had a negative return on equity of 2.13% and a negative net margin of 0.51%. The company had revenue of $445.40 million during the quarter, compared to the consensus estimate of $434.57 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year.

A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Pacific Ethanol from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 5th. HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Pacific Ethanol in a research report on Thursday, November 9th. Finally, B. Riley assumed coverage on Pacific Ethanol in a research report on Tuesday, November 28th. They set a “buy” rating and a $7.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.50.

In other news, Director William L. Jones sold 20,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $4.30, for a total transaction of $86,000.00. Following the completion of the sale, the director now owns 56,903 shares in the company, valued at approximately $244,682.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.87% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new stake in Pacific Ethanol during the 2nd quarter valued at $100,000. First Quadrant L P CA raised its stake in Pacific Ethanol by 496.8% during the 3rd quarter. First Quadrant L P CA now owns 18,935 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 15,762 shares during the period. Voya Investment Management LLC raised its stake in Pacific Ethanol by 21.9% during the 2nd quarter. Voya Investment Management LLC now owns 19,222 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 3,448 shares during the period. Brandywine Global Investment Management LLC raised its stake in Pacific Ethanol by 2.8% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 22,350 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 610 shares during the period. Finally, Laurion Capital Management LP acquired a new stake in Pacific Ethanol during the 2nd quarter valued at $147,000. 80.54% of the stock is currently owned by institutional investors.

Shares of Pacific Ethanol (PEIX) traded down $0.10 during trading hours on Monday, hitting $4.40. The stock had a trading volume of 404,331 shares, compared to its average volume of 274,300. Pacific Ethanol has a one year low of $4.10 and a one year high of $9.35. The firm has a market cap of $193.47, a P/E ratio of -19.13, a PEG ratio of 0.46 and a beta of 2.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.30 and a quick ratio of 1.53.

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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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