Green Plains Partners (NASDAQ:GPP) Posts Earnings Results, Misses Estimates By $0.02 EPS

Green Plains Partners (NASDAQ:GPP) released its quarterly earnings results on Sunday. The transportation company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02), MarketWatch Earnings reports. Green Plains Partners had a net margin of 49.83% and a negative return on equity of 57.99%.

NASDAQ:GPP traded up $0.27 during midday trading on Tuesday, hitting $12.15. The company had a trading volume of 32,537 shares, compared to its average volume of 65,687. Green Plains Partners has a 52-week low of $4.77 and a 52-week high of $13.74. The stock’s fifty day moving average price is $12.29 and its 200-day moving average price is $9.86. The company has a market capitalization of $281.98 million, a PE ratio of 6.94 and a beta of 0.84.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, May 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $0.48 annualized dividend and a yield of 3.95%. Green Plains Partners’s dividend payout ratio (DPR) is presently 27.27%.

A number of research analysts have recently commented on the stock. Raymond James boosted their price target on shares of Green Plains Partners from $12.00 to $14.00 and gave the company a “strong-buy” rating in a research report on Friday, January 8th. Zacks Investment Research upgraded shares of Green Plains Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 13th.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services in the United States. It acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The company owns or leases 31 ethanol storage facilities and approximately 44 acres of land; and six fuel terminals in Alabama, Arkansas, Louisiana, Mississippi, Kentucky, and Oklahoma.

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Earnings History for Green Plains Partners (NASDAQ:GPP)

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