Green Plains (NASDAQ:GPRE) announced its quarterly earnings data on Tuesday. The specialty chemicals company reported ($1.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.15) by $0.09, Briefing.com reports. The firm had revenue of $632.35 million during the quarter, compared to analyst estimates of $900.00 million. Green Plains had a negative return on equity of 17.79% and a negative net margin of 2.46%. During the same period last year, the company earned ($0.31) earnings per share.
GPRE traded up $0.08 during midday trading on Friday, reaching $15.33. 721,703 shares of the company were exchanged, compared to its average volume of 724,473. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.60 and a current ratio of 1.52. Green Plains has a one year low of $7.01 and a one year high of $18.37. The stock has a market capitalization of $501.38 million, a P/E ratio of -7.06 and a beta of 1.22. The stock’s 50-day simple moving average is $11.32 and its 200 day simple moving average is $11.57.
A number of analysts recently commented on GPRE shares. ValuEngine upgraded Green Plains from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. BidaskClub upgraded Green Plains from a “hold” rating to a “buy” rating in a report on Tuesday. Stephens initiated coverage on Green Plains in a report on Monday, October 7th. They set an “equal weight” rating and a $12.00 target price on the stock. Finally, Zacks Investment Research upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.67.
About Green Plains
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in 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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