Green Plains Inc. (NASDAQ:GPRE – Free Report) – Equities analysts at Roth Capital lowered their fiscal year 2024 earnings estimates for shares of Green Plains in a research note issued on Wednesday, August 7. Roth Capital analyst C. Irwin now expects the specialty chemicals company to report earnings of $(0.53) per share for the year, below their previous estimate of $(0.21). The consensus estimate for Green Plains’ current full year earnings is $(0.45) per share. Roth Capital also issued estimates for Green Plains’ fourth quarter 2024 earnings of $0.40 per share.
A number of other equities analysts have also recently commented on the company. BMO Capital Markets cut their price target on Green Plains from $22.00 to $17.00 and gave the company a “market perform” rating in a report on Wednesday. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Roth Mkm cut their price target on shares of Green Plains from $55.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Truist Financial reiterated a “buy” rating and issued a $25.00 price target (down from $30.00) on shares of Green Plains in a research note on Monday, August 5th. Finally, Oppenheimer downgraded Green Plains stock from an “outperform” rating to a “market perform” rating in a report on Wednesday. One equities analyst has rated the stock at “sell,” three have given it a “hold” rating and six have given it a “buy” rating. Green Plains currently has an average rating of “moderate buy” and a consensus price target of $26.78, according to MarketBeat.com.
Check out our latest report on Green Plains
Green Plains price history
Green Plains shares traded $1.00 lower during trading hours on Friday, reaching $13.21. The stock had a trading volume of 1,230,765 shares, compared to its average volume of 1,146,968. The stock’s 50-day moving average is $16.12 and its 200-day moving average is $19.43. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. Green Plains has a twelve-month low of $12.77 and a twelve-month high of $34.62. The company has a market cap of $853.62 million, a P/E ratio of -10.74 and a beta of 1.58.
Green Plains (NASDAQ:GPRE – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6. The specialty chemicals company reported earnings per share of -$0.38 for the quarter, missing the consensus estimate of -$0.03 by -$0.35. Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The company had revenue of $618.83 million during the quarter, compared to analysts’ expectations of $646.70 million. In the same quarter last year, the company reported earnings per share of -$0.89. The company’s revenue declined by 27.8% compared to the same quarter last year.
Institutional trading with Green Plains
A number of hedge funds and other institutional investors have recently made changes to their stock holdings. Quest Partners LLC acquired a new stake in Green Plains in the fourth quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in Green Plains in the fourth quarter valued at about $88,000. Crewe Advisors LLC acquired a new stake in Green Plains in the first quarter valued at about $150,000. Equitable Trust Co. acquired a new position in Green Plains in the second quarter valued at about $191,000. Finally, Cape Investment Advisory Inc. acquired a new position in Green Plains in the fourth quarter valued at about $196,000.
About Green Plains
(Get free report)
Green Plains Inc. produces low-carbon fuels in the United States and internationally. The company operates in three segments: Ethanol Production, Agribusiness and Energy Services, and Partnerships. The Ethanol Production segment produces ethanol, distillery residues, and ultra-high-protein and renewable corn oil.
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