Green Plains Inc (NASDAQ:GPRE) – Investment analysts at Jefferies Group issued their Q2 2018 earnings per share estimates for shares of Green Plains in a research note issued on Friday. Jefferies Group analyst L. Alexander anticipates that the specialty chemicals company will post earnings per share of ($0.03) for the quarter. Jefferies Group also issued estimates for Green Plains’ Q3 2018 earnings at $0.32 EPS and Q4 2018 earnings at $0.26 EPS.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The firm had revenue of $920.98 million for the quarter, compared to analyst estimates of $953.30 million. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS.
Shares of Green Plains (NASDAQ GPRE) opened at $17.75 on Monday. The stock has a market cap of $730.63, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.55. The company has a quick ratio of 0.70, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. Green Plains has a fifty-two week low of $15.60 and a fifty-two week high of $26.05.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Green Plains by 5.6% in the 4th quarter. BlackRock Inc. now owns 5,245,101 shares of the specialty chemicals company’s stock worth $88,382,000 after purchasing an additional 276,910 shares during the last quarter. Van ECK Associates Corp lifted its position in Green Plains by 70.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,588,878 shares of the specialty chemicals company’s stock worth $72,316,000 after buying an additional 1,478,073 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Green Plains by 4.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,503,869 shares of the specialty chemicals company’s stock worth $70,603,000 after buying an additional 140,514 shares in the last quarter. Vanguard Group Inc. lifted its position in Green Plains by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,780,334 shares of the specialty chemicals company’s stock worth $57,136,000 after buying an additional 130,424 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Green Plains by 51.8% during the 2nd quarter. Northern Trust Corp now owns 1,083,248 shares of the specialty chemicals company’s stock worth $22,260,000 after buying an additional 369,744 shares in the last quarter.
In other news, insider Todd A. Becker bought 9,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were acquired at an average price of $16.74 per share, with a total value of $150,660.00. Following the acquisition, the insider now owns 716,588 shares in the company, valued at $11,995,683.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Walter S. Cronin sold 6,737 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $16.80, for a total transaction of $113,181.60. Following the completion of the sale, the executive vice president now directly owns 50,200 shares in the company, valued at approximately $843,360. The disclosure for this sale can be found here. In the last ninety days, insiders bought 127,136 shares of company stock worth $2,087,178. 6.40% of the stock is owned by insiders.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, February 22nd. Green Plains’s payout ratio is 39.02%.
About Green Plains
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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