Green Plains (NASDAQ:GPRE) issued its quarterly earnings data on Sunday. The specialty chemicals company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.14), Fidelity Earnings reports. Green Plains had a negative return on equity of 4.79% and a negative net margin of 4.51%. The company had revenue of $553.60 million during the quarter, compared to analyst estimates of $629.93 million. The business’s quarterly revenue was down 12.5% on a year-over-year basis.
Shares of NASDAQ:GPRE traded up $0.71 during trading hours on Tuesday, reaching $30.67. The stock had a trading volume of 1,001,075 shares, compared to its average volume of 1,176,572. Green Plains has a 1 year low of $5.64 and a 1 year high of $31.80. The firm’s 50 day moving average is $26.89 and its 200-day moving average is $20.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 1.53. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -10.68 and a beta of 1.87.
Several brokerages have recently commented on GPRE. TheStreet upgraded shares of Green Plains from a “d+” rating to a “c” rating in a report on Tuesday, February 9th. BMO Capital Markets upped their price objective on shares of Green Plains from $29.00 to $36.00 in a report on Tuesday. Zacks Investment Research lowered shares of Green Plains from a “hold” rating to a “sell” rating in a report on Tuesday, April 13th. Stephens upgraded shares of Green Plains from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $30.00 to $39.00 in a report on Thursday, April 1st. Finally, Truist increased their target price on shares of Green Plains from $24.00 to $28.00 in a report on Wednesday, January 20th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $32.00.
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It 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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