Equities analysts predict that Green Plains Inc (NASDAQ:GPRE) will report $993.05 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made 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 posted sales of $932.10 million during the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, February 7th.
According to Zacks, analysts expect that Green Plains will report full-year sales of $993.05 million for the current fiscal 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’ sales calculations are a mean average based on a survey of sell-side analysts that cover Green Plains.
Several research firms have issued reports on GPRE. ValuEngine cut shares of Green Plains from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub cut shares of Green Plains from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 24th. 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. Piper Jaffray Companies raised shares of Green Plains from a “neutral” rating to an “overweight” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $25.33.
A number of large investors have recently bought and sold shares of GPRE. Public Employees Retirement System of Ohio lifted its position in Green Plains by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after acquiring an additional 104 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Green Plains by 28.6% during the second quarter. UBS Asset Management Americas Inc. now owns 10,599 shares of the specialty chemicals company’s stock valued at $218,000 after acquiring an additional 2,360 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Green Plains during the third quarter valued at approximately $329,000. Suntrust Banks Inc. lifted its position in Green Plains by 2.3% during the second quarter. Suntrust Banks Inc. now owns 16,423 shares of the specialty chemicals company’s stock valued at $337,000 after acquiring an additional 370 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Green Plains by 29.2% during the fourth quarter. Bank of Montreal Can now owns 25,620 shares of the specialty chemicals company’s stock valued at $432,000 after acquiring an additional 5,793 shares during the last quarter.
Shares of Green Plains (GPRE) opened at $16.75 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.57 and a quick ratio of 0.70. Green Plains has a 52-week low of $15.60 and a 52-week high of $26.05.
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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