Green Plains Inc (NASDAQ:GPRE) declared a quarterly dividend on Thursday, February 7th, NASDAQ reports. Investors of record on Friday, February 22nd will be paid a dividend of 0.12 per share by the specialty chemicals company on Friday, March 15th. This represents a $0.48 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, February 21st.
Green Plains has raised its dividend by an average of 6.3% annually over the last three years. Green Plains has a dividend payout ratio of -129.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Green Plains to earn $0.45 per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of 106.7%.
Shares of GPRE opened at $15.34 on Wednesday. The firm has a market capitalization of $635.71 million, a P/E ratio of -7.07 and a beta of 1.25. Green Plains has a one year low of $12.00 and a one year high of $21.90. The company has a current ratio of 1.45, a quick ratio of 0.56 and a debt-to-equity ratio of 0.28.
Green Plains (NASDAQ:GPRE) last announced its earnings results on Monday, February 11th. The specialty chemicals company reported ($0.96) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.89). Green Plains had a negative return on equity of 8.63% and a net margin of 0.41%. The firm had revenue of $827.50 million during the quarter, compared to the consensus estimate of $894.16 million. During the same quarter last year, the business earned ($0.16) EPS. The business’s revenue was down 10.2% compared to the same quarter last year. On average, research analysts expect that Green Plains will post -0.3 EPS for the current fiscal year.
GPRE has been the topic of several research reports. Zacks Investment Research upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. ValuEngine upgraded shares of Green Plains from a “hold” rating to a “buy” rating in a report on Saturday, November 10th. TheStreet downgraded shares of Green Plains from a “c” rating to a “d+” rating in a report on Monday, November 12th. BidaskClub downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Finally, Roth Capital dropped their price objective on shares of Green Plains from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Green Plains currently has a consensus rating of “Hold” and an average target price of $18.33.
In other news, insider Jeffrey S. Briggs sold 44,581 shares of the business’s stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $13.32, for a total transaction of $593,818.92. Following the transaction, the insider now owns 114,220 shares in the company, valued at approximately $1,521,410.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey S. Briggs sold 18,434 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $13.00, for a total transaction of $239,642.00. Following the transaction, the insider now owns 95,786 shares in the company, valued at approximately $1,245,218. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,538 shares of company stock worth $1,194,740. Insiders own 5.90% of the company’s stock.
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Green Plains Company Profile
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company 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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