Green Plains (GPRE) to Release Earnings on Friday

Green Plains (NASDAQ:GPRE) is scheduled to be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect Green Plains to post earnings of ($0.31) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The business had revenue of $712.39 million for the quarter, compared to the consensus estimate of $782.01 million. During the same quarter in the previous year, the firm earned ($0.66) EPS. The firm’s revenue for the quarter was down 22.1% on a year-over-year basis. On average, analysts expect Green Plains to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Green Plains Stock Down 2.7 %

GPRE stock opened at $20.12 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.34. Green Plains has a 1-year low of $19.44 and a 1-year high of $36.02. The firm has a fifty day moving average price of $21.73 and a two-hundred day moving average price of $23.58. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -12.42 and a beta of 1.60.

Wall Street Analysts Forecast Growth

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

Insider Activity at Green Plains

In other Green Plains news, Director Ejnar A. Knudsen III purchased 4,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $24.73 per share, with a total value of $98,920.00. Following the acquisition, the director now owns 40,913 shares of the company’s stock, valued at $1,011,778.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

About Green Plains

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.