Brokerages expect that Green Plains Partners LP (NASDAQ:GPP) will announce $27.12 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Green Plains Partners’ earnings, with the highest sales estimate coming in at $29.60 million and the lowest estimate coming in at $25.60 million. Green Plains Partners reported sales of $28.25 million during the same quarter last year, which indicates a negative year over year growth rate of 4%. The firm is scheduled to issue its next earnings report on Monday, February 11th.
According to Zacks, analysts expect that Green Plains Partners will report full year sales of $105.72 million for the current financial year, with estimates ranging from $103.10 million to $110.40 million. For the next fiscal year, analysts forecast that the firm will post sales of $92.70 million, with estimates ranging from $87.09 million to $102.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings results on Monday, February 11th. The transportation company reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Green Plains Partners had a net margin of 54.74% and a negative return on equity of 88.58%.
Several equities research analysts have recently commented on GPP shares. ValuEngine raised shares of Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. BidaskClub raised shares of Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Stifel Nicolaus lowered shares of Green Plains Partners from a “buy” rating to a “hold” rating and reduced their price target for the company from $16.00 to $14.00 in a research report on Friday, December 21st. Zacks Investment Research raised shares of Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Finally, Wells Fargo & Co lowered shares of Green Plains Partners from an “outperform” rating to a “market perform” rating and set a $18.00 price target for the company. in a research report on Friday, December 21st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.83.
In related news, COO Jeffrey S. Briggs sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $14.17, for a total value of $56,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd A. Becker sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $14.65, for a total transaction of $73,250.00. Following the completion of the sale, the chief executive officer now directly owns 57,556 shares of the company’s stock, valued at $843,195.40. The disclosure for this sale can be found here. Insiders sold a total of 16,738 shares of company stock valued at $241,337 over the last three months.
Institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its stake in Green Plains Partners by 11.4% in the 2nd quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock worth $688,000 after purchasing an additional 4,123 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Green Plains Partners by 20.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 46,455 shares of the transportation company’s stock worth $630,000 after purchasing an additional 8,017 shares during the period. Creative Planning bought a new position in Green Plains Partners in the 4th quarter worth approximately $199,000. Morgan Stanley boosted its stake in Green Plains Partners by 5.3% in the 3rd quarter. Morgan Stanley now owns 1,060,379 shares of the transportation company’s stock worth $15,799,000 after purchasing an additional 53,809 shares during the period. Finally, Bank of America Corp DE boosted its stake in 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 worth $1,096,000 after purchasing an additional 55,645 shares during the period. 15.48% of the stock is owned by institutional investors.
NASDAQ GPP opened at $14.97 on Tuesday. Green Plains Partners has a 52 week low of $13.30 and a 52 week high of $18.30. The stock has a market cap of $461.22 million, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.56 and a beta of 0.49.
The company also recently announced a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Friday, February 1st were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 12.69%. The ex-dividend date was Thursday, January 31st. Green Plains Partners’s dividend payout ratio is 104.97%.
About Green Plains Partners
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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