Analysts Expect Green Plains Inc (GPRE) Will Post Quarterly Sales of $993.05 Million

Equities analysts predict that Green Plains Inc (NASDAQ:GPRE) will post sales of $993.05 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Green Plains’ earnings. The highest sales estimate is $1.04 billion and the lowest is $951.10 million. Green Plains posted sales of $932.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The firm is scheduled to announce its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Green Plains will report full year sales of $993.05 million for the current year, with estimates ranging from $3.58 billion to $3.71 billion. For the next year, analysts anticipate that the company 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 analysts that that provide coverage for Green Plains.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.47). Green Plains had a net margin of 0.92% and a negative return on equity of 0.88%. The company 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 posted $0.20 EPS. Green Plains’s revenue was up 7.0% on a year-over-year basis.

GPRE has been the subject of a number of recent research reports. BidaskClub upgraded Green Plains from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Piper Jaffray Companies upgraded Green Plains from a “neutral” rating to an “overweight” rating in a research report on Friday, November 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $25.00 price objective (down previously from $30.00) on shares of Green Plains in a research report on Monday, November 6th. Finally, Roth Capital set a $25.00 price objective on 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 issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.33.

Shares of Green Plains (NASDAQ:GPRE) traded down $0.10 during trading hours on Friday, hitting $17.30. The stock had a trading volume of 272,500 shares, compared to its average volume of 604,758. Green Plains has a one year low of $15.60 and a one year high of $26.05. The firm has a market cap of $712.11, a P/E ratio of 26.62, a PEG ratio of 2.95 and a beta of 1.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.57 and a quick ratio of 0.70.

In related news, EVP Walter S. Cronin sold 6,737 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $16.80, for a total transaction of $113,181.60. Following the completion of the sale, the executive vice president now directly owns 50,200 shares in the company, valued at $843,360. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ejnar A. Knudsen III acquired 15,483 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average price of $16.54 per share, with a total value of $256,088.82. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 157,136 shares of company stock valued at $2,590,578. 6.40% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Green Plains by 3.8% during the second quarter. BlackRock Inc. now owns 4,606,262 shares of the specialty chemicals company’s stock worth $94,658,000 after buying an additional 167,047 shares during the last quarter. Van ECK Associates Corp increased its position in Green Plains by 70.0% during the third quarter. Van ECK Associates Corp now owns 3,588,878 shares of the specialty chemicals company’s stock worth $72,316,000 after buying an additional 1,478,073 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Green Plains by 4.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,503,869 shares of the specialty chemicals company’s stock worth $70,603,000 after buying an additional 140,514 shares during the last quarter. Vanguard Group Inc. increased its position in Green Plains by 4.9% during the second quarter. Vanguard Group Inc. now owns 2,780,334 shares of the specialty chemicals company’s stock worth $57,136,000 after buying an additional 130,424 shares during the last quarter. Finally, Northern Trust Corp increased its position in Green Plains by 51.8% during the second quarter. Northern Trust Corp now owns 1,083,248 shares of the specialty chemicals company’s stock worth $22,260,000 after buying an additional 369,744 shares during the last quarter.

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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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Earnings History and Estimates for Green Plains (NASDAQ:GPRE)

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