Green Plains (NASDAQ:GPRE) Releases Quarterly Earnings Results

Green Plains (NASDAQ:GPRE) issued its quarterly earnings results on Friday. The specialty chemicals company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48), Briefing.com reports. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The business had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same quarter last year, the business posted ($1.20) EPS. The business’s revenue was down 28.3% compared to the same quarter last year.

Green Plains Stock Down 2.7 %

NASDAQ GPRE opened at $20.17 on Monday. Green Plains has a 12 month low of $19.44 and a 12 month high of $36.02. The company’s 50-day moving average price is $21.65 and its 200-day moving average price is $23.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75.

Wall Street Analyst Weigh In

Several analysts have weighed in on GPRE shares. Roth Mkm reissued a “buy” rating and issued a $55.00 price target on shares of Green Plains in a research note on Monday, March 25th. TheStreet lowered shares of Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. UBS Group cut their price target on Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research note on Monday, March 4th. The Goldman Sachs Group lowered their target price on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, January 30th. Finally, Truist Financial reiterated a “buy” rating and issued a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.40.

Insiders Place Their Bets

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $24.73 per share, with a total value of $98,920.00. Following the transaction, the director now owns 40,913 shares of the company’s stock, valued at $1,011,778.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.