Renewable Energy Group Inc (NASDAQ:REGI) Expected to Post Earnings of -$0.57 Per Share

Wall Street analysts forecast that Renewable Energy Group Inc (NASDAQ:REGI) will announce earnings of ($0.57) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Renewable Energy Group’s earnings. The highest EPS estimate is ($0.54) and the lowest is ($0.62). Renewable Energy Group reported earnings per share of $0.78 during the same quarter last year, which would suggest a negative year over year growth rate of 173.1%. The firm is scheduled to report its next earnings report after the market closes on Monday, August 5th.

According to Zacks, analysts expect that Renewable Energy Group will report full-year earnings of $0.21 per share for the current year. For the next financial year, analysts forecast that the firm will post earnings of $2.41 per share. Zacks’ EPS averages are an average based on a survey of analysts that cover Renewable Energy Group.

Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported ($1.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.41). Renewable Energy Group had a net margin of 1.52% and a return on equity of 6.23%. The business had revenue of $478.21 million during the quarter, compared to analyst estimates of $480.79 million.

A number of equities research analysts have recently weighed in on the stock. BWS Financial assumed coverage on shares of Renewable Energy Group in a research report on Wednesday, April 24th. They issued a “buy” rating and a $31.00 price target for the company. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Piper Jaffray Companies set a $195.00 price target on shares of Cummins and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Roth Capital reiterated a “buy” rating on shares of Village Farms International in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $28.40.

In related news, Director Peter John Martin Harding purchased 2,500 shares of the stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of $16.72 per share, for a total transaction of $41,800.00. Following the completion of the acquisition, the director now owns 108,654 shares of the company’s stock, valued at $1,816,694.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Cynthia J. Warner purchased 4,000 shares of the stock in a transaction dated Monday, June 17th. The shares were bought at an average price of $14.16 per share, with a total value of $56,640.00. Following the completion of the acquisition, the insider now directly owns 62,578 shares of the company’s stock, valued at approximately $886,104.48. The disclosure for this purchase can be found here. Insiders have sold 41,354 shares of company stock valued at $675,434 over the last quarter. Company insiders own 3.01% of the company’s stock.

Large investors have recently made changes to their positions in the company. Royce & Associates LP acquired a new position in shares of Renewable Energy Group during the first quarter worth $38,000. Advisory Services Network LLC bought a new stake in shares of Renewable Energy Group in the fourth quarter worth $56,000. CoreCommodity Management LLC bought a new stake in shares of Renewable Energy Group in the fourth quarter worth $78,000. Paloma Partners Management Co bought a new stake in shares of Renewable Energy Group in the fourth quarter worth $220,000. Finally, SG Americas Securities LLC grew its stake in shares of Renewable Energy Group by 7.6% in the first quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock worth $190,000 after purchasing an additional 613 shares during the last quarter.

Shares of NASDAQ REGI traded up $0.21 during midday trading on Friday, reaching $15.55. The company’s stock had a trading volume of 573,063 shares, compared to its average volume of 604,113. The company has a current ratio of 1.27, a quick ratio of 0.72 and a debt-to-equity ratio of 0.09. Renewable Energy Group has a fifty-two week low of $13.40 and a fifty-two week high of $32.52. The stock’s 50 day moving average price is $15.33. The firm has a market cap of $584.96 million, a P/E ratio of 2.29 and a beta of 1.21.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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