Brokerages forecast that Green Plains Partners LP (NASDAQ:GPP) will announce $0.50 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Green Plains Partners’ earnings, with estimates ranging from $0.48 to $0.53. Green Plains Partners reported earnings of $0.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 16.3%. The firm is scheduled to announce its next earnings report on Monday, August 7th.
On average, analysts expect that Green Plains Partners will report full year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.89 to $2.09. For the next year, analysts expect that the business will report earnings of $2.07 per share, with EPS estimates ranging from $1.97 to $2.17. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings data on Monday, May 1st. The transportation company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Green Plains Partners had a net margin of 55.59% and a negative return on equity of 129.01%. The business had revenue of $27.20 million during the quarter, compared to analysts’ expectations of $29.48 million. Green Plains Partners’s revenue for the quarter was up 14.3% compared to the same quarter last year.
A number of equities analysts have weighed in on GPP shares. Zacks Investment Research upgraded Green Plains Partners from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, May 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $22.00 price target on shares of Green Plains Partners in a report on Friday, March 24th. ValuEngine cut Green Plains Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $22.00 price target on shares of Green Plains Partners in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Green Plains Partners has a consensus rating of “Buy” and an average price target of $21.50.
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Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its position in Green Plains Partners by 11.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,635 shares of the transportation company’s stock valued at $274,000 after buying an additional 1,417 shares during the period. HITE Hedge Asset Management LLC acquired a new position in Green Plains Partners during the first quarter valued at approximately $322,000. Walnut Private Equity Partners LLC acquired a new position in Green Plains Partners during the first quarter valued at approximately $402,000. Guggenheim Capital LLC boosted its position in Green Plains Partners by 9.6% in the fourth quarter. Guggenheim Capital LLC now owns 67,940 shares of the transportation company’s stock valued at $1,345,000 after buying an additional 5,945 shares during the period. Finally, Mondrian Investment Partners LTD acquired a new position in Green Plains Partners during the first quarter valued at approximately $1,741,000. Institutional investors own 54.54% of the company’s stock.
Green Plains Partners (NASDAQ GPP) remained flat at $18.90 on Tuesday. 14,064 shares of the company traded hands. The firm has a 50-day moving average of $19.02 and a 200-day moving average of $19.61. The firm has a market cap of $601.02 million, a PE ratio of 10.29 and a beta of 0.94. Green Plains Partners has a one year low of $15.47 and a one year high of $21.75.
Green Plains Partners Company Profile
Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).
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