Brokerages Anticipate Vertex Energy Inc (VTNR) to Announce -$0.06 Earnings Per Share

Equities research analysts expect Vertex Energy Inc (NASDAQ:VTNR) to announce ($0.06) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Vertex Energy’s earnings, with estimates ranging from ($0.06) to ($0.05). Vertex Energy posted earnings per share of ($0.19) in the same quarter last year, which suggests a positive year-over-year growth rate of 68.4%. The company is expected to report its next quarterly earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that Vertex Energy will report full year earnings of ($0.38) per share for the current financial year, with EPS estimates ranging from ($0.39) to ($0.37). For the next financial year, analysts forecast that the business will report earnings of ($0.25) per share, with EPS estimates ranging from ($0.29) to ($0.22). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Vertex Energy.

Vertex Energy (NASDAQ:VTNR) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Vertex Energy had a negative return on equity of 30.22% and a negative net margin of 7.73%.

A number of research firms have recently weighed in on VTNR. ValuEngine upgraded Vertex Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded Vertex Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd.

Vertex Energy (NASDAQ:VTNR) opened at $1.02 on Friday. The firm has a market capitalization of $32.99, a price-to-earnings ratio of -2.00 and a beta of 0.98. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44. Vertex Energy has a twelve month low of $0.65 and a twelve month high of $1.80.

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Vertex Energy Company Profile

Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.

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