Wall Street analysts expect Vertex Energy Inc (NASDAQ:VTNR) to report earnings per share (EPS) of ($0.09) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Vertex Energy’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.06). Vertex Energy reported earnings of $0.04 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 325%. The firm is expected to report its next earnings results on Wednesday, August 5th.
On average, analysts expect that Vertex Energy will report full year earnings of ($0.40) per share for the current financial year, with EPS estimates ranging from ($0.43) to ($0.37). For the next fiscal year, analysts forecast that the company will post earnings of $0.04 per share, with EPS estimates ranging from ($0.01) to $0.08. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Vertex Energy.
Vertex Energy (NASDAQ:VTNR) last announced its earnings results on Thursday, May 14th. The industrial products company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The company had revenue of $36.20 million for the quarter, compared to analyst estimates of $46.65 million. Vertex Energy had a net margin of 0.22% and a return on equity of 13.87%.
Several equities research analysts have recently issued reports on VTNR shares. HC Wainwright restated a “buy” rating and set a $4.00 price objective on shares of Vertex Energy in a report on Thursday, March 5th. ValuEngine upgraded Vertex Energy from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Finally, Zacks Investment Research upgraded Vertex Energy from a “sell” rating to a “hold” rating in a report on Friday, May 22nd.
Shares of NASDAQ:VTNR opened at $0.66 on Wednesday. Vertex Energy has a one year low of $0.45 and a one year high of $1.95. The business’s fifty day moving average price is $0.71 and its two-hundred day moving average price is $1.01. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.91 and a current ratio of 2.19. The stock has a market cap of $30.95 million, a PE ratio of -2.01 and a beta of 1.94.
Institutional investors and hedge funds have recently modified their holdings of the stock. Game Plan Financial Advisors LLC purchased a new position in shares of Vertex Energy in the 4th quarter worth $26,000. Private Advisor Group LLC purchased a new position in shares of Vertex Energy in the 4th quarter worth $52,000. Renaissance Technologies LLC raised its position in shares of Vertex Energy by 408.1% in the 4th quarter. Renaissance Technologies LLC now owns 83,906 shares of the industrial products company’s stock worth $129,000 after buying an additional 67,393 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Vertex Energy in the 1st quarter worth $60,000. Finally, Redmond Asset Management LLC raised its position in shares of Vertex Energy by 15.6% in the 1st quarter. Redmond Asset Management LLC now owns 423,402 shares of the industrial products company’s stock worth $254,000 after buying an additional 57,217 shares during the period. 15.94% of the stock is currently owned by institutional investors and hedge funds.
About Vertex Energy
Vertex Energy, Inc engages in the recycle of industrial waste streams and off-specification commercial chemical products. It focuses on recycling used motor oil and other petroleum by-product streams. The company operates through the following business divisions: Black Oil, Refining & Marketing and Recovery.
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