Brokers Set Expectations for Green Plains Inc’s Q2 2018 Earnings (GPRE)
Green Plains Inc (NASDAQ:GPRE) – Stock analysts at Jefferies Group issued their Q2 2018 EPS estimates for shares of Green Plains in a research note issued on Friday. Jefferies Group analyst L. Alexander expects that the specialty chemicals company will earn ($0.03) per share for the quarter. Jefferies Group also issued estimates for Green Plains’ Q3 2018 earnings at $0.32 EPS and Q4 2018 earnings at $0.26 EPS.
Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.01. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. The firm had revenue of $920.98 million during the quarter, compared to analysts’ expectations of $953.30 million. During the same period in the previous year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year.
Green Plains (NASDAQ:GPRE) opened at $17.75 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.70 and a debt-to-equity ratio of 0.72. Green Plains has a 52-week low of $15.60 and a 52-week high of $26.05. The company has a market cap of $730.63, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.55.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, February 22nd. Green Plains’s dividend payout ratio is currently 39.02%.
In related news, Director Wayne Hoovestol purchased 102,653 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $16.37 per share, with a total value of $1,680,429.61. Following the completion of the purchase, the director now directly owns 218,277 shares in the company, valued at $3,573,194.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Todd A. Becker purchased 9,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was bought at an average cost of $16.74 per share, with a total value of $150,660.00. Following the purchase, the insider now owns 716,588 shares of the company’s stock, valued at $11,995,683.12. The disclosure for this purchase can be found here. Insiders have bought 127,136 shares of company stock valued at $2,087,178 in the last three months. Insiders own 6.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Royce & Associates LP raised its stake in Green Plains by 122.2% in the fourth quarter. Royce & Associates LP now owns 200,000 shares of the specialty chemicals company’s stock valued at $3,370,000 after purchasing an additional 110,000 shares in the last quarter. BlackRock Inc. grew its position in Green Plains by 5.6% in the fourth quarter. BlackRock Inc. now owns 5,245,101 shares of the specialty chemicals company’s stock valued at $88,382,000 after acquiring an additional 276,910 shares during the last quarter. Rhumbline Advisers grew its position in Green Plains by 15.2% in the fourth quarter. Rhumbline Advisers now owns 91,766 shares of the specialty chemicals company’s stock valued at $1,546,000 after acquiring an additional 12,100 shares during the last quarter. Arizona State Retirement System grew its position in Green Plains by 222.0% in the fourth quarter. Arizona State Retirement System now owns 65,030 shares of the specialty chemicals company’s stock valued at $1,096,000 after acquiring an additional 44,833 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its position in Green Plains by 34.4% in the fourth quarter. Pinebridge Investments L.P. now owns 58,679 shares of the specialty chemicals company’s stock valued at $990,000 after acquiring an additional 15,029 shares during the last quarter.
Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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