Green Plains, Inc. (NASDAQ:GPRE) declared a quarterly dividend on Thursday, August 17th, Wall Street Journal reports. Stockholders of record on Monday, August 28th will be paid a dividend of 0.12 per share by the specialty chemicals company on Friday, September 15th. This represents a $0.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, August 24th.
Green Plains (NASDAQ:GPRE) opened at 17.15 on Friday. Green Plains has a 52 week low of $17.08 and a 52 week high of $29.85. The stock’s 50 day moving average price is $19.34 and its 200 day moving average price is $22.20. The firm has a market cap of $711.45 million, a price-to-earnings ratio of 100.29 and a beta of 1.42.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.29. The business had revenue of $886.30 million during the quarter, compared to analyst estimates of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The firm’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 earnings per share. On average, equities research analysts predict that Green Plains will post ($0.21) EPS for the current year.
A number of research analysts have recently issued reports on GPRE shares. Jefferies Group LLC reissued a “buy” rating and issued a $25.00 price objective (down from $28.00) on shares of Green Plains in a research note on Wednesday, August 2nd. BidaskClub downgraded Green Plains from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. Roth Capital set a $27.00 price target on Green Plains and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Green Plains in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Green Plains presently has an average rating of “Hold” and an average price target of $27.29.
In other Green Plains news, Director James F. Crowley sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $21.92, for a total transaction of $43,840.00. Following the completion of the sale, the director now directly owns 23,209 shares of the company’s stock, valued at approximately $508,741.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Todd A. Becker sold 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $23.29, for a total value of $130,424.00. Following the sale, the insider now directly owns 708,088 shares of the company’s stock, valued at $16,491,369.52. The disclosure for this sale can be found here. Insiders have sold a total of 85,602 shares of company stock valued at $1,875,511 over the last three months. Corporate insiders own 6.40% of the company’s stock.
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About Green Plains
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.
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