Wall Street brokerages predict that Green Plains Partners LP (NASDAQ:GPP) will announce sales of $21.07 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Green Plains Partners’ earnings. The lowest sales estimate is $20.53 million and the highest is $21.60 million. Green Plains Partners posted sales of $23.25 million during the same quarter last year, which suggests a negative year-over-year growth rate of 9.4%. The company is expected to report its next quarterly earnings report on Monday, February 10th.

On average, analysts expect that Green Plains Partners will report full year sales of $83.15 million for the current financial year, with estimates ranging from $82.60 million to $83.70 million. For the next financial year, analysts forecast that the company will report sales of $85.64 million, with estimates ranging from $83.29 million to $88.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Green Plains Partners.

Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Green Plains Partners had a net margin of 53.01% and a negative return on equity of 57.70%. The company had revenue of $20.15 million for the quarter, compared to analysts’ expectations of $20.85 million.

A number of brokerages have issued reports on GPP. BidaskClub upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. ValuEngine upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th. Finally, Zacks Investment Research upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, Green Plains Partners currently has an average rating of “Hold” and an average target price of $15.67.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mondrian Investment Partners LTD raised its holdings in shares of Green Plains Partners by 14.0% in the third quarter. Mondrian Investment Partners LTD now owns 295,780 shares of the transportation company’s stock worth $3,928,000 after buying an additional 36,309 shares during the period. HighTower Advisors LLC raised its holdings in shares of Green Plains Partners by 24.0% in the second quarter. HighTower Advisors LLC now owns 108,587 shares of the transportation company’s stock worth $1,519,000 after buying an additional 21,014 shares during the period. LPL Financial LLC raised its holdings in shares of Green Plains Partners by 5.3% in the second quarter. LPL Financial LLC now owns 48,977 shares of the transportation company’s stock worth $686,000 after buying an additional 2,444 shares during the period. Sigma Planning Corp raised its holdings in shares of Green Plains Partners by 3.7% in the third quarter. Sigma Planning Corp now owns 44,758 shares of the transportation company’s stock worth $594,000 after buying an additional 1,584 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Green Plains Partners by 3.3% in the third quarter. Stifel Financial Corp now owns 30,470 shares of the transportation company’s stock worth $406,000 after buying an additional 979 shares during the period. Hedge funds and other institutional investors own 16.79% of the company’s stock.

GPP stock traded up $0.08 during midday trading on Monday, reaching $14.70. 49,463 shares of the company traded hands, compared to its average volume of 67,882. Green Plains Partners has a 52-week low of $12.53 and a 52-week high of $16.47. The business has a 50 day moving average of $14.20 and a 200-day moving average of $13.68. The firm has a market capitalization of $338.60 million, a price-to-earnings ratio of 8.08 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 31st will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $1.90 annualized dividend and a dividend yield of 12.93%. Green Plains Partners’s payout ratio is 119.50%.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.

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