Analysts Expect Renewable Energy Group, Inc. (NASDAQ:REGI) to Announce $1.05 EPS

Analysts expect Renewable Energy Group, Inc. (NASDAQ:REGI) to announce earnings per share (EPS) of $1.05 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Renewable Energy Group’s earnings, with estimates ranging from $0.43 to $1.41. Renewable Energy Group posted earnings per share of $0.02 during the same quarter last year, which would indicate a positive year over year growth rate of 5,150%. The firm is expected to report its next quarterly earnings report on Tuesday, August 3rd.

On average, analysts expect that Renewable Energy Group will report full year earnings of $3.48 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $5.28. For the next fiscal year, analysts forecast that the firm will report earnings of $3.35 per share, with EPS estimates ranging from ($1.27) to $6.12. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Renewable Energy Group.

Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings data on Sunday, May 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.70. Renewable Energy Group had a return on equity of 13.11% and a net margin of 22.72%.

A number of equities analysts have recently issued reports on the company. Roth Capital restated a “neutral” rating and set a $35.00 price objective (down from $90.00) on shares of Renewable Energy Group in a research report on Monday. Cowen assumed coverage on Renewable Energy Group in a research report on Thursday, April 1st. They set an “outperform” rating and a $80.00 price objective for the company. Tudor Pickering began coverage on Renewable Energy Group in a report on Monday, March 15th. They issued a “hold” rating and a $79.00 target price for the company. Truist raised their price objective on Renewable Energy Group from $75.00 to $105.00 in a research note on Wednesday, January 13th. Finally, TheStreet cut Renewable Energy Group from a “b-” rating to a “c” rating in a research report on Monday, May 3rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $83.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of REGI. Nisa Investment Advisors LLC boosted its holdings in Renewable Energy Group by 0.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 24,350 shares of the oil and gas company’s stock valued at $1,724,000 after purchasing an additional 100 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Renewable Energy Group by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 15,210 shares of the oil and gas company’s stock valued at $1,004,000 after acquiring an additional 180 shares in the last quarter. West Coast Financial LLC boosted its position in shares of Renewable Energy Group by 0.5% during the 4th quarter. West Coast Financial LLC now owns 55,055 shares of the oil and gas company’s stock valued at $3,899,000 after acquiring an additional 278 shares during the last quarter. Comerica Bank grew its holdings in shares of Renewable Energy Group by 0.7% during the fourth quarter. Comerica Bank now owns 41,255 shares of the oil and gas company’s stock worth $4,147,000 after purchasing an additional 294 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Renewable Energy Group by 37.0% in the fourth quarter. IFP Advisors Inc now owns 1,100 shares of the oil and gas company’s stock valued at $78,000 after purchasing an additional 297 shares in the last quarter. Institutional investors and hedge funds own 96.21% of the company’s stock.

Shares of REGI traded down $0.01 during mid-day trading on Wednesday, reaching $55.78. 50,720 shares of the company were exchanged, compared to its average volume of 1,358,602. Renewable Energy Group has a 52 week low of $21.65 and a 52 week high of $117.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.29 and a current ratio of 2.92. The stock has a market capitalization of $2.47 billion, a PE ratio of 3.97 and a beta of 1.19. The business has a 50 day simple moving average of $61.72 and a two-hundred day simple moving average of $72.47.

About Renewable Energy Group

Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes a production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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Earnings History and Estimates for Renewable Energy Group (NASDAQ:REGI)

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