Renewable Energy Group, Inc. (NASDAQ:REGI) Expected to Announce Quarterly Sales of $516.49 Million


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Brokerages expect that Renewable Energy Group, Inc. (NASDAQ:REGI) will post sales of $516.49 million for the current quarter, according to Zacks. Five analysts have issued estimates for Renewable Energy Group’s earnings. The highest sales estimate is $575.00 million and the lowest is $424.83 million. Renewable Energy Group reported sales of $474.56 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.8%. The company is expected to announce its next earnings results on Thursday, April 29th.

On average, analysts expect that Renewable Energy Group will report full-year sales of $2.53 billion for the current financial year, with estimates ranging from $2.32 billion to $2.75 billion. For the next year, analysts forecast that the business will report sales of $2.59 billion, with estimates ranging from $2.47 billion to $2.88 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Renewable Energy Group.

Renewable Energy Group (NASDAQ:REGI) last released its earnings results on Thursday, February 25th. The oil and gas company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.07). The business had revenue of $547.93 million for the quarter, compared to analyst estimates of $529.26 million. Renewable Energy Group had a net margin of 22.72% and a return on equity of 13.11%.

A number of brokerages recently issued reports on REGI. Credit Suisse Group reiterated an “outperform” rating and set a $100.00 target price (down previously from $110.00) on shares of Renewable Energy Group in a research report on Thursday, April 1st. Zacks Investment Research raised shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 2nd. US Capital Advisors reaffirmed a “hold” rating on shares of Renewable Energy Group in a research note on Wednesday, January 27th. HC Wainwright lifted their price target on shares of Renewable Energy Group from $70.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 4th. Finally, Tudor Pickering began coverage on shares of Renewable Energy Group in a report on Monday, March 15th. They issued a “hold” rating and a $79.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Renewable Energy Group currently has a consensus rating of “Buy” and a consensus price target of $87.89.

A number of large investors have recently modified their holdings of REGI. Vantage Consulting Group Inc bought a new position in Renewable Energy Group during the 4th quarter valued at $42,000. Johnson Midwest Financial LLC boosted its holdings in shares of Renewable Energy Group by 272.1% in the 1st quarter. Johnson Midwest Financial LLC now owns 1,094 shares of the oil and gas company’s stock worth $72,000 after buying an additional 800 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Renewable Energy Group by 37.0% in the 4th quarter. IFP Advisors Inc now owns 1,100 shares of the oil and gas company’s stock worth $78,000 after buying an additional 297 shares during the last quarter. Bellwether Advisors LLC purchased a new position in shares of Renewable Energy Group in the 4th quarter worth about $81,000. Finally, Kepos Capital LP boosted its holdings in shares of Renewable Energy Group by 42.3% in the 4th quarter. Kepos Capital LP now owns 1,358 shares of the oil and gas company’s stock worth $96,000 after buying an additional 404 shares during the last quarter. Institutional investors and hedge funds own 96.21% of the company’s stock.

Shares of REGI opened at $61.81 on Tuesday. The company’s fifty day moving average is $69.68 and its 200-day moving average is $72.51. Renewable Energy Group has a 12 month low of $20.93 and a 12 month high of $117.00. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 4.47 and a beta of 1.19. The company has a quick ratio of 2.29, a current ratio of 2.92 and a debt-to-equity ratio of 0.01.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes a 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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Earnings History and Estimates for Renewable Energy Group (NASDAQ:REGI)

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