Green Plains Partners LP (NASDAQ:GPP) Expected to Post Quarterly Sales of $21.27 Million

Wall Street analysts predict that Green Plains Partners LP (NASDAQ:GPP) will announce sales of $21.27 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Green Plains Partners’ earnings. The lowest sales estimate is $21.13 million and the highest is $21.40 million. Green Plains Partners reported sales of $25.84 million during the same quarter last year, which would suggest a negative year over year growth rate of 17.7%. The business is expected to announce its next earnings results on Wednesday, August 7th.

On average, analysts expect that Green Plains Partners will report full-year sales of $86.38 million for the current fiscal year, with estimates ranging from $85.05 million to $87.70 million. For the next fiscal year, analysts forecast that the company will post sales of $88.49 million, with estimates ranging from $87.57 million to $89.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Green Plains Partners.

Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings data on Wednesday, May 8th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. The company had revenue of $21.09 million for the quarter, compared to the consensus estimate of $22.33 million. Green Plains Partners had a negative return on equity of 71.28% and a net margin of 54.78%.

A number of research firms recently weighed in on GPP. Zacks Investment Research raised Green Plains Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine downgraded Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. BidaskClub downgraded Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Finally, Robert W. Baird lowered Green Plains Partners from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $18.00 to $17.00 in a report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Green Plains Partners presently has an average rating of “Hold” and an average target price of $17.50.

A number of institutional investors and hedge funds have recently modified their holdings of GPP. Raymond James Financial Services Advisors Inc. lifted its stake in Green Plains Partners by 20.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 46,455 shares of the transportation company’s stock valued at $630,000 after buying an additional 8,017 shares during the period. Citigroup Inc. lifted its stake in Green Plains Partners by 323.3% in the fourth quarter. Citigroup Inc. now owns 5,503 shares of the transportation company’s stock valued at $75,000 after buying an additional 4,203 shares during the period. GSA Capital Partners LLP lifted its stake in Green Plains Partners by 13.1% in the fourth quarter. GSA Capital Partners LLP now owns 11,887 shares of the transportation company’s stock valued at $161,000 after buying an additional 1,377 shares during the period. Barclays PLC acquired a new position in Green Plains Partners in the fourth quarter valued at about $118,000. Finally, Nwam LLC lifted its stake in Green Plains Partners by 9.4% in the first quarter. Nwam LLC now owns 25,280 shares of the transportation company’s stock valued at $400,000 after buying an additional 2,180 shares during the period. 15.89% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:GPP opened at $14.00 on Friday. The firm has a market cap of $318.45 million, a P/E ratio of 8.81 and a beta of 0.56. The company has a 50-day simple moving average of $14.31. Green Plains Partners has a 1 year low of $13.30 and a 1 year high of $17.50.

About Green Plains Partners

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.

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