Green Plains (GPRE) Posts Earnings Results
Green Plains (NASDAQ:GPRE) released its quarterly earnings results on Wednesday. The specialty chemicals company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.01, Briefing.com reports. Green Plains had a negative return on equity of 0.88% and a net margin of 0.92%. The firm had revenue of $920.98 million for the quarter, compared to analyst estimates of $953.30 million. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s revenue was down 1.2% on a year-over-year basis.
Shares of Green Plains (GPRE) traded up $0.80 during trading on Thursday, hitting $17.95. The company had a trading volume of 764,206 shares, compared to its average volume of 742,500. Green Plains has a 52 week low of $15.60 and a 52 week high of $26.05. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 0.82. The company has a market cap of $691.53, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 2.85 and a beta of 1.55.
GPRE has been the topic of a number of analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 price target on shares of Green Plains in a research report on Wednesday. Roth Capital set a $25.00 price target on Green Plains and gave the company a “buy” rating in a research report on Tuesday, October 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $25.00 price target (down previously from $30.00) on shares of Green Plains in a research report on Monday, November 6th. BidaskClub upgraded Green Plains from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, ValuEngine lowered Green Plains from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.67.
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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