-$0.04 EPS Expected for Pacific Ethanol Inc (PEIX) This Quarter

Equities research analysts predict that Pacific Ethanol Inc (NASDAQ:PEIX) will announce earnings per share (EPS) of ($0.04) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Pacific Ethanol’s earnings, with estimates ranging from ($0.19) to $0.03. Pacific Ethanol posted earnings of $0.30 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 113.3%. The firm is expected to report its next earnings report on Wednesday, March 7th.

On average, analysts expect that Pacific Ethanol will report full year earnings of ($0.58) per share for the current year, with EPS estimates ranging from ($0.73) to ($0.51). For the next year, analysts anticipate that the company will report earnings of $0.49 per share, with EPS estimates ranging from $0.32 to $0.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Pacific Ethanol.

Pacific Ethanol (NASDAQ:PEIX) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The company had revenue of $445.40 million during the quarter, compared to analysts’ expectations of $434.57 million. Pacific Ethanol had a negative return on equity of 2.13% and a negative net margin of 0.51%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) earnings per share.

Several equities analysts recently commented on PEIX shares. Zacks Investment Research upgraded Pacific Ethanol from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine cut Pacific Ethanol from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. B. Riley started coverage on Pacific Ethanol in a research report on Tuesday, November 28th. They set a “buy” rating and a $7.00 target price for the company. Finally, HC Wainwright restated a “buy” rating and set a $14.00 target price on shares of Pacific Ethanol in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.50.

In other Pacific Ethanol news, Director William L. Jones sold 20,000 shares of Pacific Ethanol stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $4.30, for a total transaction of $86,000.00. Following the completion of the sale, the director now owns 56,903 shares of the company’s stock, valued at $244,682.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.87% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Pacific Ethanol by 20.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,629,229 shares of the oil and gas company’s stock worth $14,592,000 after purchasing an additional 450,851 shares during the last quarter. Boston Partners lifted its stake in shares of Pacific Ethanol by 55.6% in the 3rd quarter. Boston Partners now owns 2,561,600 shares of the oil and gas company’s stock valued at $14,217,000 after acquiring an additional 915,830 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Pacific Ethanol by 9.6% in the 2nd quarter. HighTower Advisors LLC now owns 1,820,929 shares of the oil and gas company’s stock valued at $11,389,000 after acquiring an additional 160,107 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Pacific Ethanol by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,653,951 shares of the oil and gas company’s stock valued at $10,337,000 after acquiring an additional 113,819 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Pacific Ethanol by 47.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,117,432 shares of the oil and gas company’s stock valued at $6,200,000 after acquiring an additional 362,062 shares during the last quarter. 80.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Pacific Ethanol (PEIX) traded down $0.12 during midday trading on Wednesday, hitting $4.30. The stock had a trading volume of 350,391 shares, compared to its average volume of 341,908. Pacific Ethanol has a one year low of $4.10 and a one year high of $10.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.53 and a current ratio of 2.30. The stock has a market capitalization of $194.57, a PE ratio of -17.92 and a beta of 2.07.

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Pacific Ethanol Company Profile

Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.

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Earnings History and Estimates for Pacific Ethanol (NASDAQ:PEIX)

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