Green Plains (NASDAQ:GPRE) announced its quarterly earnings data on Monday. The specialty chemicals company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.89), Morningstar.com reports. Green Plains had a net margin of 0.23% and a negative return on equity of 4.22%. The company had revenue of $827.50 million for the quarter, compared to analyst estimates of $894.16 million. During the same quarter last year, the company posted ($0.16) EPS. Green Plains’s revenue was down 10.2% on a year-over-year basis.
Shares of NASDAQ:GPRE opened at $13.58 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.49 and a current ratio of 1.37. Green Plains has a 12-month low of $12.00 and a 12-month high of $21.90. The firm has a market cap of $554.13 million, a price-to-earnings ratio of -15.79, a PEG ratio of 10.29 and a beta of 1.25.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, February 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, February 21st. Green Plains’s dividend payout ratio (DPR) is currently -55.81%.
GPRE has been the subject of a number of recent research reports. TheStreet downgraded Green Plains from a “c” rating to a “d+” rating in a research report on Monday, November 12th. ValuEngine downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research raised shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. BidaskClub downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Finally, Roth Capital cut their target price on shares of Green Plains from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.33.
In other news, insider Michelle Mapes sold 7,000 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $17.14, for a total value of $119,980.00. Following the transaction, the insider now directly owns 42,419 shares of the company’s stock, valued at $727,061.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd A. Becker sold 17,194 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $16.64, for a total transaction of $286,108.16. Following the completion of the transaction, the chief executive officer now directly owns 728,800 shares in the company, valued at $12,127,232. The disclosure for this sale can be found here. Over the last three months, insiders have sold 186,680 shares of company stock worth $2,880,720. Company insiders own 5.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GPRE. Oregon Public Employees Retirement Fund acquired a new position in shares of Green Plains in the fourth quarter worth $194,000. Trexquant Investment LP acquired a new position in shares of Green Plains in the third quarter worth $251,000. Alps Advisors Inc. increased its stake in shares of Green Plains by 22.0% in the fourth quarter. Alps Advisors Inc. now owns 20,194 shares of the specialty chemicals company’s stock worth $265,000 after acquiring an additional 3,639 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Green Plains by 4.5% in the fourth quarter. Bank of Montreal Can now owns 22,059 shares of the specialty chemicals company’s stock worth $288,000 after acquiring an additional 952 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Green Plains in the third quarter worth $308,000.
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About Green Plains
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.
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