Green Plains (NASDAQ:GPRE) Issues Earnings Results, Beats Expectations By $0.09 EPS

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, 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.

In other Green Plains news, Director S Eugene Edwards acquired 15,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $7.15 per share, for a total transaction of $107,250.00. Following the acquisition, the director now directly owns 45,620 shares of the company’s stock, valued at approximately $326,183. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Mangrove Partners Master Fund, sold 216,342 shares of Green Plains stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $7.73, for a total value of $1,672,323.66. Following the transaction, the insider now owns 3,983,012 shares in the company, valued at approximately $30,788,682.76. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by company insiders.

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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Earnings History for Green Plains (NASDAQ:GPRE)

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