Wall Street analysts expect that Green Plains Partners LP (NASDAQ:GPP) will post sales of $21.97 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Green Plains Partners’ earnings, with estimates ranging from $21.60 million to $22.33 million. Green Plains Partners posted sales of $25.89 million in the same quarter last year, which suggests a negative year-over-year growth rate of 15.1%. The business is expected to announce its next earnings results on Monday, May 6th.
According to Zacks, analysts expect that Green Plains Partners will report full year sales of $89.16 million for the current financial year, with estimates ranging from $89.00 million to $89.31 million. For the next financial year, analysts forecast that the company will post sales of $89.31 million. Zacks’ sales averages are an average based on a survey of research firms that follow Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings data on Monday, February 11th. The transportation company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. Green Plains Partners had a net margin of 55.27% and a negative return on equity of 80.02%. The business had revenue of $23.25 million during the quarter, compared to the consensus estimate of $27.12 million.
In other news, insider Michelle Mapes sold 11,710 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $15.49, for a total value of $181,387.90. Following the completion of the transaction, the insider now directly owns 16,200 shares in the company, valued at $250,938. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey S. Briggs sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $14.17, for a total transaction of $56,680.00. The disclosure for this sale can be found here. Insiders have sold 23,448 shares of company stock valued at $349,475 in the last quarter.
Several hedge funds have recently added to or reduced their stakes in GPP. Mondrian Investment Partners LTD boosted its position in shares of Green Plains Partners by 26.1% in the fourth quarter. Mondrian Investment Partners LTD now owns 289,769 shares of the transportation company’s stock valued at $3,932,000 after acquiring an additional 59,958 shares during the period. Bank of America Corp DE boosted its position in shares of Green Plains Partners by 673.7% in the second quarter. Bank of America Corp DE now owns 63,904 shares of the transportation company’s stock valued at $1,096,000 after acquiring an additional 55,645 shares during the period. Morgan Stanley boosted its position in shares of Green Plains Partners by 5.3% in the third quarter. Morgan Stanley now owns 1,060,379 shares of the transportation company’s stock valued at $15,799,000 after acquiring an additional 53,809 shares during the period. Creative Planning bought a new position in shares of Green Plains Partners in the fourth quarter valued at approximately $199,000. Finally, Barclays PLC bought a new position in shares of Green Plains Partners in the fourth quarter valued at approximately $118,000. Institutional investors own 15.48% of the company’s stock.
NASDAQ GPP traded down $0.29 during trading hours on Tuesday, reaching $15.06. 37,476 shares of the company were exchanged, compared to its average volume of 58,404. Green Plains Partners has a 1 year low of $13.30 and a 1 year high of $18.30. The company has a market capitalization of $479.36 million, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.80 and a beta of 0.49.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 8th. Shareholders of record on Friday, February 1st were given a dividend of $0.475 per share. The ex-dividend date was Thursday, January 31st. This represents a $1.90 dividend on an annualized basis and a yield of 12.62%. Green Plains Partners’s dividend payout ratio is presently 119.50%.
Green Plains Partners Company Profile
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 39 ethanol storage facilities and approximately 61 acres of land.
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