Green Plains (NASDAQ:GPRE) posted its quarterly earnings data on Sunday. The specialty chemicals company reported ($0.57) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.14), Fidelity Earnings reports. Green Plains had a negative return on equity of 4.79% and a negative net margin of 4.51%. The firm had revenue of $553.60 million for the quarter, compared to analysts’ expectations of $629.93 million. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis.
Shares of NASDAQ GPRE traded up $0.73 during trading on Tuesday, reaching $30.69. 50,846 shares of the stock traded hands, compared to its average volume of 1,178,460. The company has a 50-day moving average of $26.89 and a 200-day moving average of $20.43. Green Plains has a 52-week low of $5.64 and a 52-week high of $31.80. The stock has a market capitalization of $1.37 billion, a P/E ratio of -10.68 and a beta of 1.87. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.53 and a quick ratio of 0.98.
A number of research firms recently weighed in on GPRE. Credit Suisse Group assumed coverage on shares of Green Plains in a research report on Thursday, April 29th. They set an “outperform” rating and a $44.00 price target on the stock. TheStreet upgraded Green Plains from a “d+” rating to a “c” rating in a research note on Tuesday, February 9th. Truist increased their price target on Green Plains from $24.00 to $28.00 in a research report on Wednesday, January 20th. Zacks Investment Research cut Green Plains from a “hold” rating to a “sell” rating in a research report on Tuesday, April 13th. Finally, Roth Capital reduced their price objective on Green Plains from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. Green Plains presently has a consensus rating of “Buy” and a consensus target price of $32.00.
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It 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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