Green Plains Renewable Energy Inc. (NASDAQ:GPRE) – Investment analysts at Jefferies Group reduced their Q3 2016 EPS estimates for shares of Green Plains Renewable Energy in a note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now expects that the firm will post earnings of $0.34 per share for the quarter, down from their previous estimate of $0.39. Jefferies Group has a “Buy” rating and a $32.00 price objective on the stock. Jefferies Group also issued estimates for Green Plains Renewable Energy’s FY2017 earnings at $1.80 EPS, FY2018 earnings at $2.65 EPS, FY2019 earnings at $3.15 EPS and FY2020 earnings at $3.90 EPS.

A number of other research analysts have also recently commented on GPRE. Zacks Investment Research raised Green Plains Renewable Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, July 14th. Stephens raised Green Plains Renewable Energy from an “equal weight” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Tuesday. Finally, Roth Capital reissued a “buy” rating and issued a $33.00 price target (up from $25.00) on shares of Green Plains Renewable Energy in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Green Plains Renewable Energy has a consensus rating of “Buy” and an average target price of $27.25.

Earnings History and Estimates for Green Plains Renewable Energy (NASDAQ:GPRE)

Shares of Green Plains Renewable Energy (NASDAQ:GPRE) opened at 27.43 on Thursday. Green Plains Renewable Energy has a 52 week low of $12.39 and a 52 week high of $28.37. The company has a 50-day moving average price of $25.15 and a 200-day moving average price of $20.43. The stock’s market cap is $1.05 billion.

Green Plains Renewable Energy (NASDAQ:GPRE) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.29. Green Plains Renewable Energy had a negative return on equity of 1.41% and a negative net margin of 0.43%. The company earned $887.70 million during the quarter, compared to analyst estimates of $803.62 million. During the same quarter last year, the firm posted $0.19 earnings per share. The firm’s revenue was up 19.2% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, August 24th. Green Plains Renewable Energy’s dividend payout ratio is currently -137.14%.

Several institutional investors have recently added to or reduced their stakes in GPRE. Teacher Retirement System of Texas increased its position in shares of Green Plains Renewable Energy by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,054 shares of the company’s stock valued at $100,000 after buying an additional 608 shares during the period. Feltz Wealth PLAN Inc. acquired a new position in shares of Green Plains Renewable Energy during the second quarter valued at approximately $106,000. Mason Street Advisors LLC acquired a new position in shares of Green Plains Renewable Energy during the second quarter valued at approximately $139,000. Public Employees Retirement System of Ohio increased its position in shares of Green Plains Renewable Energy by 26.2% in the second quarter. Public Employees Retirement System of Ohio now owns 7,584 shares of the company’s stock valued at $150,000 after buying an additional 1,574 shares during the period. Finally, BlackRock Inc. increased its position in shares of Green Plains Renewable Energy by 254.8% in the second quarter. BlackRock Inc. now owns 10,435 shares of the company’s stock valued at $206,000 after buying an additional 7,494 shares during the period. 98.23% of the stock is currently owned by hedge funds and other institutional investors.

Green Plains Renewable Energy Company Profile

Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.

5 Day Chart for NASDAQ:GPRE

Receive News & Stock Ratings for Green Plains Renewable Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Renewable Energy Inc. and related stocks with our FREE daily email newsletter.