Zacks: Analysts Expect Renewable Energy Group Inc (NASDAQ:REGI) to Post $0.06 EPS

Wall Street brokerages forecast that Renewable Energy Group Inc (NASDAQ:REGI) will report earnings of $0.06 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Renewable Energy Group’s earnings, with estimates ranging from ($0.10) to $0.24. Renewable Energy Group reported earnings of $0.43 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 86%. The firm is scheduled to issue its next earnings report on Tuesday, November 5th.

On average, analysts expect that Renewable Energy Group will report full year earnings of ($2.26) per share for the current financial year, with EPS estimates ranging from ($2.45) to ($2.07). For the next year, analysts forecast that the business will report earnings of $2.33 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Renewable Energy Group.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.92). The business had revenue of $560.64 million for the quarter, compared to the consensus estimate of $572.93 million. Renewable Energy Group had a negative net margin of 2.88% and a negative return on equity of 5.90%.



Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Renewable Energy Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 18th. BidaskClub downgraded shares of Renewable Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Roth Capital raised shares of Renewable Energy Group from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Monday, June 24th. BWS Financial reissued a “buy” rating on shares of Renewable Energy Group in a research note on Friday, September 6th. Finally, ValuEngine raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $29.75.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP bought a new position in Renewable Energy Group during the first quarter worth $38,000. Tower Research Capital LLC TRC raised its stake in Renewable Energy Group by 4,539.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the oil and gas company’s stock worth $46,000 after buying an additional 2,860 shares during the last quarter. SG Americas Securities LLC raised its stake in Renewable Energy Group by 7.6% during the first quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock worth $190,000 after buying an additional 613 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in Renewable Energy Group in the first quarter valued at $198,000. Finally, Victory Capital Management Inc. bought a new stake in Renewable Energy Group in the first quarter valued at $205,000.

Shares of REGI stock traded up $0.19 during trading hours on Friday, hitting $14.10. 727,272 shares of the company’s stock traded hands, compared to its average volume of 698,648. The stock’s 50 day simple moving average is $12.92 and its 200 day simple moving average is $16.99. The stock has a market cap of $583.59 million, a PE ratio of 2.08 and a beta of 1.21. Renewable Energy Group has a 12 month low of $9.90 and a 12 month high of $32.52. The company has a quick ratio of 0.58, a current ratio of 1.14 and a debt-to-equity ratio of 0.05.

About Renewable Energy Group

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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Earnings History and Estimates for Renewable Energy Group (NASDAQ:REGI)

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