Jefferies Financial Group Comments on Green Plains Inc’s Q2 2019 Earnings (NASDAQ:GPRE)

Green Plains Inc (NASDAQ:GPRE) – Analysts at Jefferies Financial Group dropped their Q2 2019 earnings estimates for Green Plains in a report released on Tuesday, June 25th, Zacks Investment Research reports. Jefferies Financial Group analyst L. Alexander now anticipates that the specialty chemicals company will earn ($0.81) per share for the quarter, down from their prior forecast of ($0.15). Jefferies Financial Group also issued estimates for Green Plains’ Q3 2019 earnings at ($0.37) EPS, Q4 2019 earnings at $0.44 EPS, FY2019 earnings at ($1.80) EPS and FY2020 earnings at $0.05 EPS.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Finally, TheStreet cut shares of Sabra Health Care REIT from a “b-” rating to a “c+” rating in a research note on Monday, July 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.50.

GPRE stock traded up $0.25 on Thursday, hitting $10.46. The company’s stock had a trading volume of 451,800 shares, compared to its average volume of 643,167. The firm’s 50 day simple moving average is $11.44. Green Plains has a 1 year low of $10.01 and a 1 year high of $19.39. The stock has a market capitalization of $422.14 million, a PE ratio of -4.82 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 0.49 and a debt-to-equity ratio of 0.34.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings results on Wednesday, May 8th. The specialty chemicals company reported ($1.06) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.68). Green Plains had a negative net margin of 0.08% and a negative return on equity of 10.48%. The business had revenue of $642.30 million during the quarter, compared to analysts’ expectations of $779.84 million. During the same quarter last year, the company earned ($0.60) EPS. The firm’s revenue for the quarter was down 38.6% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in Green Plains during the 4th quarter worth approximately $9,877,000. Highbridge Capital Management LLC acquired a new stake in Green Plains in the fourth quarter valued at approximately $8,731,000. Donald Smith & CO. Inc. acquired a new stake in Green Plains in the first quarter valued at approximately $4,055,000. Penn Capital Management Co. Inc. acquired a new stake in Green Plains in the fourth quarter valued at approximately $2,684,000. Finally, Citigroup Inc. grew its position in Green Plains by 1,628.8% in the fourth quarter. Citigroup Inc. now owns 133,773 shares of the specialty chemicals company’s stock valued at $1,753,000 after acquiring an additional 126,035 shares in the last quarter. Institutional investors and hedge funds own 98.68% of the company’s stock.

In other news, Director Alain Treuer sold 5,270 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $13.06, for a total transaction of $68,826.20. Following the transaction, the director now directly owns 329,173 shares in the company, valued at approximately $4,298,999.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Green Plains Company Profile

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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