Zacks: Analysts Expect Green Plains Inc. (GPRE) Will Announce Earnings of -$0.27 Per Share

Brokerages predict that Green Plains Inc. (NASDAQ:GPRE) will report earnings per share of ($0.27) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Green Plains’ earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.41). Green Plains reported earnings per share of ($0.09) in the same quarter last year, which would suggest a negative year-over-year growth rate of 200%. The firm is expected to announce its next quarterly earnings results on Monday, May 7th.

According to Zacks, analysts expect that Green Plains will report full-year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.15 to $1.00. For the next year, analysts forecast that the business will report earnings of $0.89 per share, with EPS estimates ranging from $0.50 to $1.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Green Plains.

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Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, February 7th. The specialty chemicals company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The firm had revenue of $920.98 million during the quarter, compared to analyst estimates of $953.30 million. Green Plains had a net margin of 1.70% and a negative return on equity of 3.33%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS.



GPRE has been the subject of several analyst reports. Piper Jaffray restated a “buy” rating and issued a $27.00 target price on shares of Green Plains in a report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BidaskClub upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, ValuEngine upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.20.

In related news, insider Michelle Mapes sold 7,000 shares of Green Plains stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $19.27, for a total transaction of $134,890.00. Following the completion of the sale, the insider now owns 35,515 shares in the company, valued at approximately $684,374.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael A. Metzler sold 21,053 shares of Green Plains stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $19.00, for a total transaction of $400,007.00. Following the sale, the executive vice president now owns 41,771 shares of the company’s stock, valued at approximately $793,649. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Green Plains by 5.6% during the 4th quarter. BlackRock Inc. now owns 5,245,101 shares of the specialty chemicals company’s stock valued at $88,382,000 after buying an additional 276,910 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Green Plains by 4.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,503,869 shares of the specialty chemicals company’s stock valued at $70,603,000 after purchasing an additional 140,514 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of Green Plains by 18.9% in the 4th quarter. Private Management Group Inc. now owns 1,139,763 shares of the specialty chemicals company’s stock valued at $19,205,000 after purchasing an additional 181,206 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Green Plains by 65.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 986,647 shares of the specialty chemicals company’s stock valued at $19,734,000 after purchasing an additional 390,572 shares in the last quarter. Finally, Mangrove Partners bought a new stake in shares of Green Plains in the 4th quarter valued at about $15,809,000.

Green Plains stock opened at $17.70 on Wednesday. The stock has a market capitalization of $724.49, a PE ratio of -20.58, a PEG ratio of 3.34 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 0.56. Green Plains has a 12-month low of $15.60 and a 12-month high of $26.05.

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About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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