Green Plains, Inc. (GPRE) Posts Quarterly Earnings Results, Misses Estimates By $0.29 EPS

Green Plains, Inc. (NASDAQ:GPRE) released its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.29, Briefing.com reports. The business had revenue of $886.30 million during the quarter, compared to analyst estimates of $986.88 million. Green Plains had a return on equity of 0.68% and a net margin of 0.19%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS.

Shares of Green Plains (NASDAQ:GPRE) opened at 17.25 on Friday. The company has a market capitalization of $715.60 million, a PE ratio of 100.88 and a beta of 1.42. The firm has a 50-day moving average price of $19.26 and a 200-day moving average price of $22.17. Green Plains has a 1-year low of $16.90 and a 1-year high of $29.85.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 28th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, August 24th. Green Plains’s payout ratio is 282.35%.

A number of equities analysts have commented on GPRE shares. Zacks Investment Research raised shares of Green Plains from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Green Plains in a report on Tuesday, May 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Green Plains in a report on Wednesday, April 26th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Green Plains in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Green Plains has a consensus rating of “Hold” and an average price target of $27.29.

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In other news, EVP Michelle Mapes sold 7,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $23.22, for a total transaction of $162,540.00. Following the sale, the executive vice president now owns 49,596 shares in the company, valued at $1,151,619.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James F. Crowley sold 2,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $21.92, for a total value of $43,840.00. Following the sale, the director now owns 23,209 shares in the company, valued at approximately $508,741.28. The disclosure for this sale can be found here. Insiders have sold 85,602 shares of company stock worth $1,875,511 in the last 90 days. Company insiders own 6.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Capstone Asset Management Co. raised its position in shares of Green Plains by 0.4% in the second quarter. Capstone Asset Management Co. now owns 15,513 shares of the specialty chemicals company’s stock valued at $319,000 after buying an additional 60 shares during the period. Arizona State Retirement System raised its position in shares of Green Plains by 0.5% in the first quarter. Arizona State Retirement System now owns 18,497 shares of the specialty chemicals company’s stock valued at $458,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Green Plains by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 7,612 shares of the specialty chemicals company’s stock valued at $156,000 after buying an additional 104 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Green Plains by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,752 shares of the specialty chemicals company’s stock valued at $105,000 after buying an additional 110 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Green Plains by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,150 shares of the specialty chemicals company’s stock valued at $202,000 after buying an additional 160 shares during the period.

Green Plains Company Profile

Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.

Earnings History for Green Plains (NASDAQ:GPRE)

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