Green Plains Partners (GPP) Issues Earnings Results, Beats Estimates By $0.03 EPS

Green Plains Partners (NASDAQ:GPP) released its earnings results on Wednesday. The transportation company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03, Briefing.com reports. The business had revenue of $28.25 million during the quarter, compared to the consensus estimate of $28.22 million. Green Plains Partners had a net margin of 55.10% and a negative return on equity of 92.23%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share.

Green Plains Partners (NASDAQ:GPP) traded up $0.15 during midday trading on Thursday, hitting $17.15. 21,581 shares of the stock were exchanged, compared to its average volume of 49,476. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of -2.13. The firm has a market cap of $270.25, a PE ratio of 9.39, a PEG ratio of 0.57 and a beta of 0.74. Green Plains Partners has a one year low of $16.50 and a one year high of $21.00.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.96%. The ex-dividend date is Thursday, February 1st. This is a boost from Green Plains Partners’s previous quarterly dividend of $0.46. Green Plains Partners’s dividend payout ratio (DPR) is currently 103.87%.

In other Green Plains Partners news, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of Green Plains Partners stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $16.02, for a total value of $19,368,868.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Clayton E. Killinger acquired 2,850 shares of the company’s stock in a transaction on Monday, December 18th. The stock was acquired at an average price of $17.48 per share, with a total value of $49,818.00. Following the purchase, the director now directly owns 27,987 shares in the company, valued at $489,212.76. The disclosure for this purchase can be found here.

GPP has been the subject of a number of analyst reports. Stifel Nicolaus downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating and decreased their price objective for the company from $21.00 to $20.00 in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. BidaskClub raised shares of Green Plains Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. Robert W. Baird reissued a “buy” rating and issued a $24.00 price objective on shares of Green Plains Partners in a research report on Friday, November 3rd. Finally, ValuEngine downgraded shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Green Plains Partners has an average rating of “Hold” and a consensus price target of $21.80.

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About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

Earnings History for Green Plains Partners (NASDAQ:GPP)

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