$968.60 Million in Sales Expected for Green Plains Inc (GPRE) This Quarter
Analysts expect Green Plains Inc (NASDAQ:GPRE) to announce sales of $968.60 million for the current quarter, according to Zacks. Two analysts have made estimates for Green Plains’ earnings, with the highest sales estimate coming in at $1.01 billion and the lowest estimate coming in at $930.00 million. Green Plains posted sales of $887.68 million during the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The business is scheduled to issue its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that Green Plains will report full-year sales of $968.60 million for the current financial year, with estimates ranging from $3.37 billion to $4.16 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.68 billion per share, with estimates ranging from $3.57 billion to $3.80 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Green Plains.
Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The firm had revenue of $920.98 million for the quarter, compared to the consensus estimate of $953.30 million. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share.
In other news, Director Ejnar A. Knudsen III bought 15,483 shares of Green Plains stock in a transaction on Thursday, November 30th. The shares were bought at an average cost of $16.54 per share, with a total value of $256,088.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Walter S. Cronin sold 6,737 shares of Green Plains stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $16.80, for a total transaction of $113,181.60. Following the transaction, the executive vice president now directly owns 50,200 shares in the company, valued at $843,360. The disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new position in Green Plains during the fourth quarter worth about $303,000. Municipal Employees Retirement System of Michigan raised its stake in Green Plains by 18.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 33,540 shares of the specialty chemicals company’s stock worth $565,000 after purchasing an additional 5,340 shares during the period. Fondren Management LP raised its stake in Green Plains by 525.0% during the fourth quarter. Fondren Management LP now owns 125,000 shares of the specialty chemicals company’s stock worth $2,106,000 after purchasing an additional 105,000 shares during the period. Teachers Advisors LLC raised its stake in Green Plains by 0.5% during the fourth quarter. Teachers Advisors LLC now owns 652,022 shares of the specialty chemicals company’s stock worth $10,987,000 after purchasing an additional 3,494 shares during the period. Finally, Mangrove Partners purchased a new position in Green Plains during the fourth quarter worth about $15,809,000.
Green Plains (NASDAQ:GPRE) opened at $19.25 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 0.56. The firm has a market cap of $792.37, a PE ratio of 385.00, a PEG ratio of 3.34 and a beta of 1.55. Green Plains has a 52 week low of $15.60 and a 52 week high of $26.05.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, February 22nd. Green Plains’s dividend payout ratio (DPR) is presently 960.00%.
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About Green Plains
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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