Zacks: Brokerages Anticipate Vertex Energy, Inc (VTNR) to Post -$0.04 Earnings Per Share
Wall Street analysts expect Vertex Energy, Inc (NASDAQ:VTNR) to announce ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Vertex Energy’s earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.02). Vertex Energy reported earnings of ($0.03) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The company is expected to issue its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that Vertex Energy will report full-year earnings of ($0.28) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.23). For the next financial year, analysts forecast that the business will post earnings of ($0.17) per share. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Vertex Energy.
Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.04. The business had revenue of $36.91 million for the quarter, compared to the consensus estimate of $32 million. Vertex Energy had a negative return on equity of 23.10% and a negative net margin of 6.49%.
Several analysts recently commented on VTNR shares. Zacks Investment Research raised Vertex Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Roth Capital set a $1.00 price objective on Vertex Energy and gave the stock a “hold” rating in a report on Wednesday. Finally, ValuEngine raised Vertex Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd.
Shares of Vertex Energy (VTNR) traded up 2.16% during trading on Friday, hitting $0.94. 28,543 shares of the stock traded hands. The firm’s market cap is $30.70 million. Vertex Energy has a 52 week low of $0.90 and a 52 week high of $1.80. The company has a 50-day moving average of $1.00 and a 200-day moving average of $1.09.
A hedge fund recently raised its stake in Vertex Energy stock. Prescott Group Capital Management L.L.C. increased its stake in shares of Vertex Energy, Inc (NASDAQ:VTNR) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,582 shares of the industrial products company’s stock after buying an additional 872 shares during the period. Prescott Group Capital Management L.L.C. owned about 0.41% of Vertex Energy worth $153,000 as of its most recent SEC filing. Institutional investors and hedge funds own 23.23% of the company’s stock.
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About Vertex Energy
Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.
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