Wall Street brokerages forecast that Green Plains Partners LP (NASDAQ:GPP) will report sales of $28.20 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Green Plains Partners’ earnings. The highest sales estimate is $29.10 million and the lowest is $27.30 million. Green Plains Partners posted sales of $28.29 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.3%. The business is expected to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Green Plains Partners will report full-year sales of $28.20 million for the current year, with estimates ranging from $106.10 million to $107.80 million. For the next financial year, analysts expect that the firm will post sales of $118.97 million per share, with estimates ranging from $115.10 million to $125.60 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Green Plains Partners.

Green Plains Partners (NASDAQ:GPP) last announced its earnings results on Wednesday, November 1st. The transportation company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The firm had revenue of $26.45 million during the quarter, compared to the consensus estimate of $28.36 million. Green Plains Partners had a negative return on equity of 92.23% and a net margin of 55.10%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share.

Several equities analysts have recently issued reports on GPP shares. Stifel Nicolaus downgraded shares of Green Plains Partners from a “buy” rating to a “hold” rating and cut their price objective for the company from $21.00 to $20.00 in a report on Friday, November 3rd. Zacks Investment Research upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Roth Capital set a $24.00 target price on Green Plains Partners and gave the company a “buy” rating in a research report on Tuesday, October 24th. BidaskClub upgraded Green Plains Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $24.00 target price on shares of Green Plains Partners in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $21.80.

In other news, EVP Michelle Mapes sold 2,692 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $19.10, for a total transaction of $51,417.20. Following the transaction, the executive vice president now owns 33,148 shares in the company, valued at approximately $633,126.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its stake in Green Plains Partners by 67.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,776 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 9,141 shares during the last quarter. Arrow Investment Advisors LLC acquired a new position in Green Plains Partners in the 2nd quarter valued at $638,000. State of New Jersey Common Pension Fund D acquired a new position in Green Plains Partners in the 3rd quarter valued at $1,960,000. Wedbush Securities Inc. acquired a new position in Green Plains Partners in the 2nd quarter valued at $213,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Green Plains Partners in the 2nd quarter worth $327,000. 44.24% of the stock is owned by hedge funds and other institutional investors.

Green Plains Partners (NASDAQ GPP) traded down $1.20 on Thursday, hitting $17.35. 1,633,031 shares of the stock traded hands, compared to its average volume of 47,980. Green Plains Partners has a 12-month low of $16.50 and a 12-month high of $21.15. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of -2.13. The firm has a market capitalization of $296.15, a P/E ratio of 10.28, a P/E/G ratio of 0.69 and a beta of 0.92.

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Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).

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