Equities research analysts expect Green Plains Partners LP (NASDAQ:GPP) to announce sales of $28.04 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Green Plains Partners’ earnings. The lowest sales estimate is $27.80 million and the highest is $28.60 million. Green Plains Partners posted sales of $26.45 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6%. The company is expected to issue its next earnings report on Wednesday, November 7th.
On average, analysts expect that Green Plains Partners will report full-year sales of $109.94 million for the current fiscal year, with estimates ranging from $107.60 million to $112.30 million. For the next year, analysts anticipate that the firm will report sales of $120.61 million per share, with estimates ranging from $112.80 million to $128.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). Green Plains Partners had a negative return on equity of 89.66% and a net margin of 54.40%. The company had revenue of $25.84 million for the quarter, compared to analysts’ expectations of $27.16 million.
Several brokerages have weighed in on GPP. Zacks Investment Research downgraded Green Plains Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. ValuEngine downgraded Green Plains Partners from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. BidaskClub upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a report on Thursday, June 28th. Stephens set a $21.00 price objective on Green Plains Partners and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, TheStreet upgraded Green Plains Partners from a “d+” rating to a “c+” rating in a report on Monday, June 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.00.
Shares of NASDAQ GPP opened at $15.10 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of -2.06. Green Plains Partners has a 1-year low of $15.04 and a 1-year high of $20.39. The stock has a market cap of $488.58 million, a price-to-earnings ratio of 8.45, a P/E/G ratio of 0.58 and a beta of 0.57.
The firm also recently disclosed a dividend, which will be paid on Monday, October 8th. Stockholders of record on Friday, August 3rd will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, August 2nd. Green Plains Partners’s payout ratio is currently 104.97%.
In other Green Plains Partners news, Director Martin Salinas acquired 6,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were acquired at an average price of $16.37 per share, for a total transaction of $98,220.00. Following the acquisition, the director now owns 10,590 shares in the company, valued at approximately $173,358.30. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Several hedge funds and other institutional investors have recently made changes to their positions in GPP. Luzich Partners LLC acquired a new stake in shares of Green Plains Partners in the 2nd quarter valued at about $2,130,000. Bank of America Corp DE boosted its position in shares of Green Plains Partners by 673.7% in the 2nd quarter. Bank of America Corp DE now owns 63,904 shares of the transportation company’s stock valued at $1,096,000 after purchasing an additional 55,645 shares during the period. Mondrian Investment Partners LTD boosted its position in shares of Green Plains Partners by 15.1% in the 1st quarter. Mondrian Investment Partners LTD now owns 230,906 shares of the transportation company’s stock valued at $4,018,000 after purchasing an additional 30,354 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Green Plains Partners by 10.8% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 286,895 shares of the transportation company’s stock valued at $4,992,000 after purchasing an additional 28,000 shares during the period. Finally, Western Standard LLC acquired a new stake in shares of Green Plains Partners in the 2nd quarter valued at about $366,000. 16.55% of the stock is owned by hedge funds and other institutional investors.
Green Plains Partners Company Profile
Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.
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