Green Plains (NASDAQ:GPRE) Issues Quarterly Earnings Results, Misses Estimates By $0.48 EPS

Green Plains (NASDAQ:GPRE) posted its quarterly earnings results on Friday. The specialty chemicals company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.48), Briefing.com reports. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The firm had revenue of $597.20 million during the quarter, compared to analyst estimates of $654.40 million. During the same period last year, the company earned ($1.20) EPS. The company’s revenue was down 28.3% on a year-over-year basis.

Green Plains Trading Down 2.7 %

GPRE stock traded down $0.57 during trading on Friday, hitting $20.17. The company had a trading volume of 1,810,804 shares, compared to its average volume of 1,253,445. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50. Green Plains has a one year low of $19.44 and a one year high of $36.02. The business has a 50-day moving average of $21.65 and a 200-day moving average of $23.50. The stock has a market cap of $1.30 billion, a PE ratio of -12.45 and a beta of 1.62.

Wall Street Analyst Weigh In

Several research analysts recently commented on GPRE shares. The Goldman Sachs Group reduced their target price on Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, January 30th. Roth Mkm reiterated a “buy” rating and set a $55.00 target price on shares of Green Plains in a research report on Monday, March 25th. UBS Group cut their price target on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Truist Financial restated a “buy” rating and issued a $35.00 target price on shares of Green Plains in a research note on Tuesday, March 26th. Finally, TheStreet cut shares of Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Green Plains presently has an average rating of “Moderate Buy” and an average target price of $37.40.

Insiders Place Their Bets

In other news, Director Ejnar A. Knudsen III acquired 4,000 shares of Green Plains stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $24.73 per share, with a total value of $98,920.00. Following the transaction, the director now owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.