Gevo (GEVO) Scheduled to Post Earnings on Thursday

Gevo (NASDAQ:GEVO) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $5.26 million for the quarter, compared to the consensus estimate of $3.93 million. Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. During the same period in the prior year, the firm earned ($0.06) EPS. On average, analysts expect Gevo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gevo Stock Down 5.6 %

NASDAQ:GEVO opened at $2.55 on Thursday. The firm’s 50-day moving average price is $1.59 and its 200-day moving average price is $0.97. The company has a market capitalization of $610.65 million, a PE ratio of -7.97 and a beta of 2.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. Gevo has a 1-year low of $0.48 and a 1-year high of $3.39.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GEVO. HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, October 18th. UBS Group upped their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Insider Buying and Selling

In related news, CEO Patrick R. Gruber sold 127,276 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the transaction, the chief executive officer now owns 3,922,404 shares in the company, valued at $2,000,426.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the transaction, the chief executive officer now owns 3,922,404 shares in the company, valued at approximately $2,000,426.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the transaction, the insider now owns 947,882 shares in the company, valued at $2,900,518.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 583,171 shares of company stock worth $421,858 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.