Vertex Energy Inc (VTNR) Expected to Post Quarterly Sales of $34.97 Million

Analysts expect that Vertex Energy Inc (NASDAQ:VTNR) will report $34.97 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Vertex Energy’s earnings, with the highest sales estimate coming in at $35.80 million and the lowest estimate coming in at $33.90 million. Vertex Energy posted sales of $31.06 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The company is scheduled to report its next earnings report on Wednesday, March 14th.

On average, analysts expect that Vertex Energy will report full-year sales of $34.97 million for the current financial year, with estimates ranging from $138.00 million to $139.90 million. For the next fiscal year, analysts forecast 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 averages are a mean average based on a survey of research firms that follow Vertex Energy.

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

A number of brokerages recently commented on VTNR. ValuEngine upgraded Vertex Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Vertex Energy from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th.

Vertex Energy (VTNR) opened at $1.01 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.79. The company has a market capitalization of $33.31, a price-to-earnings ratio of -1.96 and a beta of 0.94. Vertex Energy has a 12 month low of $0.65 and a 12 month high of $1.60.

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About Vertex Energy

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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