Green Plains Partners LP (GPP) Expected to Announce Quarterly Sales of $28.55 Million

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Wall Street brokerages forecast that Green Plains Partners LP (NASDAQ:GPP) will report $28.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Green Plains Partners’ earnings, with the lowest sales estimate coming in at $27.95 million and the highest estimate coming in at $29.10 million. Green Plains Partners posted sales of $26.45 million in the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The company is expected to issue its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Green Plains Partners will report full-year sales of $108.57 million for the current fiscal year, with estimates ranging from $104.00 million to $110.50 million. For the next fiscal year, analysts forecast that the firm will report sales of $116.65 million, with estimates ranging from $112.00 million to $120.44 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Green Plains Partners.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company had revenue of $25.84 million for the quarter, compared to the consensus estimate of $27.16 million. Green Plains Partners had a net margin of 54.40% and a negative return on equity of 89.66%.

GPP has been the topic of several recent analyst reports. BidaskClub cut shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. ValuEngine upgraded shares of Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. TheStreet upgraded shares of Green Plains Partners from a “d+” rating to a “c+” rating in a research report on Monday, June 25th. Zacks Investment Research cut shares of Green Plains Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 10th. Finally, Stephens set a $21.00 price objective on shares of Green Plains Partners and gave the company a “buy” rating in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.60.

In other Green Plains Partners news, Director Martin Salinas purchased 6,000 shares of Green Plains Partners stock in a transaction that occurred on Friday, August 3rd. The shares were bought at an average price of $16.37 per share, for a total transaction of $98,220.00. Following the completion of the transaction, the director now owns 10,590 shares of the company’s stock, valued at approximately $173,358.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Luzich Partners LLC bought a new stake in Green Plains Partners in the second quarter worth $2,130,000. Western Standard LLC bought a new position in Green Plains Partners during the second quarter valued at $366,000. UBS Group AG increased its position in Green Plains Partners by 1.1% during the first quarter. UBS Group AG now owns 326,625 shares of the transportation company’s stock valued at $5,683,000 after acquiring an additional 3,636 shares during the last quarter. GSA Capital Partners LLP bought a new position in Green Plains Partners during the second quarter valued at $206,000. Finally, Stifel Financial Corp increased its position in Green Plains Partners by 16.5% during the first quarter. Stifel Financial Corp now owns 24,899 shares of the transportation company’s stock valued at $434,000 after acquiring an additional 3,526 shares during the last quarter. Institutional investors own 16.55% of the company’s stock.

Shares of Green Plains Partners stock traded down $0.08 on Monday, hitting $14.50. 31,229 shares of the company traded hands, compared to its average volume of 53,263. The stock has a market cap of $474.25 million, a P/E ratio of 8.01, a PEG ratio of 0.56 and a beta of 0.57. The company has a debt-to-equity ratio of -2.06, a current ratio of 1.23 and a quick ratio of 1.23. Green Plains Partners has a 52 week low of $14.40 and a 52 week high of $20.26.

The firm also recently declared a dividend, which will be paid on Monday, October 8th. Investors of record on Friday, August 3rd will be given a $0.475 dividend. The ex-dividend date of this dividend is Thursday, August 2nd. Green Plains Partners’s dividend payout ratio is presently 104.97%.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.

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