Zacks: Analysts Anticipate Green Plains Partners LP (NASDAQ:GPP) to Announce $0.45 Earnings Per Share

Wall Street analysts predict that Green Plains Partners LP (NASDAQ:GPP) will post earnings per share of $0.45 for the current quarter, Zacks reports. Two analysts have made estimates for Green Plains Partners’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.43. Green Plains Partners reported earnings per share of $0.41 in the same quarter last year, which indicates a positive year-over-year growth rate of 9.8%. The company is expected to issue its next earnings report on Monday, February 10th.

According to Zacks, analysts expect that Green Plains Partners will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.79. For the next financial year, analysts forecast that the firm will post earnings of $1.82 per share, with EPS estimates ranging from $1.74 to $1.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Green Plains Partners.

Green Plains Partners (NASDAQ:GPP) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The company had revenue of $20.15 million during the quarter, compared to analysts’ expectations of $20.85 million. Green Plains Partners had a net margin of 53.01% and a negative return on equity of 57.70%.

GPP has been the subject of a number of analyst reports. BidaskClub raised Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. ValuEngine raised Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th. Finally, Zacks Investment Research raised Green Plains Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, Green Plains Partners has an average rating of “Hold” and an average target price of $15.67.

NASDAQ GPP traded up $0.08 on Friday, reaching $14.70. The company had a trading volume of 49,463 shares, compared to its average volume of 67,882. The stock has a market capitalization of $338.60 million, a P/E ratio of 8.08 and a beta of 0.53. The company’s fifty day moving average is $14.20 and its 200 day moving average is $13.68. Green Plains Partners has a 52-week low of $12.53 and a 52-week high of $16.47.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 31st will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 12.93%. The ex-dividend date is Thursday, January 30th. Green Plains Partners’s payout ratio is currently 119.50%.

Large investors have recently made changes to their positions in the business. Quest Capital Management Inc. ADV bought a new position in Green Plains Partners in the 3rd quarter valued at $81,000. Wiley BROS. Aintree Capital LLC bought a new position in shares of Green Plains Partners during the 3rd quarter worth $157,000. Stifel Financial Corp grew its stake in shares of Green Plains Partners by 3.3% during the 3rd quarter. Stifel Financial Corp now owns 30,470 shares of the transportation company’s stock worth $406,000 after acquiring an additional 979 shares during the period. Sigma Planning Corp grew its stake in shares of Green Plains Partners by 3.7% during the 3rd quarter. Sigma Planning Corp now owns 44,758 shares of the transportation company’s stock worth $594,000 after acquiring an additional 1,584 shares during the period. Finally, LPL Financial LLC grew its stake in shares of Green Plains Partners by 5.3% during the 2nd quarter. LPL Financial LLC now owns 48,977 shares of the transportation company’s stock worth $686,000 after acquiring an additional 2,444 shares during the period. Hedge funds and other institutional investors own 16.79% of the company’s stock.

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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