$34.97 Million in Sales Expected for Vertex Energy Inc (VTNR) This Quarter

Wall Street brokerages forecast that Vertex Energy Inc (NASDAQ:VTNR) will report sales of $34.97 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Vertex Energy’s earnings, with the lowest sales estimate coming in at $33.90 million and the highest estimate coming in at $35.80 million. Vertex Energy reported sales of $31.06 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.6%. The company is expected to announce its next quarterly earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that Vertex Energy will report full-year sales of $34.97 million for the current fiscal year, with estimates ranging from $138.00 million to $139.90 million. For the next fiscal year, analysts expect that the firm will report sales of $148.03 million per share, with estimates ranging from $145.00 million to $150.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Vertex Energy.

Vertex Energy (NASDAQ:VTNR) last posted its earnings results on Tuesday, November 7th. The industrial products company reported ($0.12) EPS for the quarter, missing the consensus estimate 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 equities research analysts have issued reports on the stock. ValuEngine raised shares of Vertex Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Vertex Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd.

Shares of Vertex Energy (NASDAQ VTNR) opened at $1.06 on Friday. Vertex Energy has a 52-week low of $0.65 and a 52-week high of $1.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.79.

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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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