Brokerages forecast that Renewable Energy Group Inc (NASDAQ:REGI) will announce sales of $500.75 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Renewable Energy Group’s earnings, with estimates ranging from $455.38 million to $570.00 million. Renewable Energy Group reported sales of $519.76 million in the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, March 3rd.
According to Zacks, analysts expect that Renewable Energy Group will report full year sales of $2.12 billion for the current financial year, with estimates ranging from $2.08 billion to $2.19 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.31 billion, with estimates ranging from $2.28 billion to $2.37 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Renewable Energy Group.
A number of brokerages recently commented on REGI. HC Wainwright initiated coverage on Renewable Energy Group in a research report on Tuesday. They issued a “buy” rating and a $35.00 price target on the stock. BidaskClub upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. BWS Financial reissued a “buy” rating on shares of Renewable Energy Group in a report on Friday, September 6th. 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, ValuEngine raised shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.75.
NASDAQ REGI traded down $1.15 during midday trading on Friday, hitting $17.71. The company had a trading volume of 533,319 shares, compared to its average volume of 682,413. The company has a market capitalization of $732.52 million, a PE ratio of 2.61 and a beta of 1.23. Renewable Energy Group has a twelve month low of $9.90 and a twelve month high of $29.61. The company has a current ratio of 1.43, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $16.69 and a 200-day moving average price of $14.98.
About Renewable Energy Group
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.
Further Reading: Economic Reports
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Renewable Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renewable Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.