Green Plains (NASDAQ:GPRE) Issues Quarterly Earnings Results, Misses Expectations By $1.09 EPS

Green Plains (NASDAQ:GPRE – Get Rating) announced its quarterly earnings data on Monday. The specialty chemicals company reported ($1.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($1.09), MarketWatch Earnings reports. Green Plains had a negative return on equity of 10.32% and a negative net margin of 3.96%. The firm had revenue of $781.40 million during the quarter, compared to analysts’ expectations of $728.25 million. During the same period last year, the business posted ($0.48) EPS. The company’s revenue was up 41.1% compared to the same quarter last year.

Shares of GPRE traded down $0.73 during trading hours on Thursday, reaching $30.38. 21,859 shares of the company’s stock traded hands, compared to its average volume of 1,268,139. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.80 and a current ratio of 2.00. The firm’s 50 day simple moving average is $30.51 and its 200-day simple moving average is $33.53. Green Plains has a 12 month low of $25.39 and a 12 month high of $44.27.

Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley boosted its position in shares of Green Plains by 18.3% during the 2nd quarter. Morgan Stanley now owns 550,085 shares of the specialty chemicals company’s stock valued at $18,494,000 after acquiring an additional 85,168 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Green Plains by 134.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 418,539 shares of the specialty chemicals company’s stock valued at $14,548,000 after acquiring an additional 239,978 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Green Plains by 5.5% in the 4th quarter. Parametric Portfolio Associates LLC now owns 212,491 shares of the specialty chemicals company’s stock worth $7,386,000 after buying an additional 11,090 shares during the last quarter. Legal & General Group Plc lifted its position in Green Plains by 4.0% in the 4th quarter. Legal & General Group Plc now owns 131,976 shares of the specialty chemicals company’s stock worth $4,588,000 after buying an additional 5,125 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Green Plains by 13.1% in the fourth quarter. Alliancebernstein L.P. now owns 86,830 shares of the specialty chemicals company’s stock worth $3,018,000 after buying an additional 10,037 shares in the last quarter.

Several brokerages recently weighed in on GPRE. Zacks Investment Research lowered Green Plains from a “buy” rating to a “hold” rating in a report on Monday, April 25th. BMO Capital Markets reduced their target price on Green Plains from $52.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, February 14th. StockNews.com lowered Green Plains from a “hold” rating to a “sell” rating in a report on Thursday, April 14th. Finally, Evercore ISI raised Green Plains from an “in-line” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Tuesday, January 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $47.10.

Green Plains Company Profile (Get Rating)

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.

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