Green Plains (NASDAQ:GPRE) Issues Quarterly Earnings Results

Green Plains (NASDAQ:GPRE) issued its earnings results on Wednesday, May 8th. The specialty chemicals company reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.68), Briefing.com reports. The firm had revenue of $642.30 million during the quarter, compared to analyst estimates of $779.84 million. Green Plains had a negative net margin of 0.08% and a negative return on equity of 10.48%. The firm’s revenue for the quarter was down 38.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.60) EPS.

NASDAQ GPRE traded down $0.10 during trading hours on Friday, reaching $15.69. 414,700 shares of the company’s stock were exchanged, compared to its average volume of 566,367. Green Plains has a one year low of $12.00 and a one year high of $21.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.49 and a current ratio of 1.41. The stock has a market cap of $656.39 million, a price-to-earnings ratio of -7.23 and a beta of 1.21.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.06%. Green Plains’s payout ratio is -22.12%.

Several analysts have weighed in on the company. Zacks Investment Research raised Green Plains from a “sell” rating to a “hold” rating in a report on Friday, April 12th. ValuEngine raised Green Plains from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, BidaskClub raised Green Plains from a “hold” rating to a “buy” rating in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Green Plains currently has an average rating of “Hold” and an average target price of $17.50.

In related news, insider Michelle Mapes sold 3,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $16.91, for a total transaction of $50,730.00. Following the completion of the sale, the insider now directly owns 46,877 shares of the company’s stock, valued at approximately $792,690.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paul E. Kolomaya sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $17.19, for a total value of $60,165.00. Following the sale, the executive vice president now directly owns 81,859 shares of the company’s stock, valued at $1,407,156.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,759 shares of company stock valued at $719,462. 5.70% of the stock is owned by company insiders.

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About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in 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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Earnings History for Green Plains (NASDAQ:GPRE)

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