Equities analysts expect Renewable Energy Group Inc (NASDAQ:REGI) to announce $0.05 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Renewable Energy Group’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.14. Renewable Energy Group posted earnings per share of $0.66 in the same quarter last year, which suggests a negative year-over-year growth rate of 92.4%. The firm is expected to issue its next earnings results on Tuesday, March 3rd.
On average, analysts expect that Renewable Energy Group will report full year earnings of ($3.16) per share for the current financial year. For the next year, analysts expect that the firm will report earnings of $2.34 per share, with EPS estimates ranging from $2.33 to $2.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Renewable Energy Group.
Several research firms have commented on REGI. ValuEngine lowered shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. BidaskClub upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Zacks Investment Research upgraded shares of Renewable Energy Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, BWS Financial reiterated a “buy” rating on shares of Renewable Energy Group in a research report on Friday, September 6th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Renewable Energy Group currently has a consensus rating of “Buy” and a consensus price target of $29.33.
REGI stock traded up $0.03 during midday trading on Tuesday, reaching $17.02. 449,100 shares of the company’s stock traded hands, compared to its average volume of 691,694. Renewable Energy Group has a 52-week low of $9.90 and a 52-week high of $29.61. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average is $15.49 and its 200 day moving average is $15.34. The stock has a market cap of $669.69 million, a P/E ratio of 2.51 and a beta of 1.20.
A number of hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in shares of Renewable Energy Group by 102.9% in the second quarter. Invesco Ltd. now owns 1,616,509 shares of the oil and gas company’s stock valued at $25,637,000 after acquiring an additional 819,667 shares during the period. DNB Asset Management AS increased its stake in Renewable Energy Group by 79.9% in the 2nd quarter. DNB Asset Management AS now owns 1,455,535 shares of the oil and gas company’s stock worth $23,085,000 after buying an additional 646,621 shares during the period. Towle & Co. increased its stake in Renewable Energy Group by 100.4% in the 2nd quarter. Towle & Co. now owns 1,112,729 shares of the oil and gas company’s stock worth $17,648,000 after buying an additional 557,510 shares during the period. Nuveen Asset Management LLC purchased a new position in Renewable Energy Group in the 2nd quarter worth about $8,215,000. Finally, Vanguard Group Inc. increased its stake in Renewable Energy Group by 11.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,670,705 shares of the oil and gas company’s stock worth $74,078,000 after buying an additional 473,992 shares during the period.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated 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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