Gevo (NASDAQ:GEVO) Posts Earnings Results, Hits Estimates

Gevo (NASDAQ:GEVOGet Rating) released its quarterly earnings results on Monday. The energy company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08), MarketWatch Earnings reports. Gevo had a negative return on equity of 10.39% and a negative net margin of 8,326.72%. During the same period in the previous year, the business earned ($0.05) earnings per share.

NASDAQ:GEVO traded down $0.03 on Tuesday, hitting $3.05. 423,531 shares of the stock were exchanged, compared to its average volume of 8,631,951. The stock has a market capitalization of $615.88 million, a price-to-earnings ratio of -10.79 and a beta of 3.20. Gevo has a 52 week low of $2.79 and a 52 week high of $9.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 10.70 and a current ratio of 10.78. The company’s 50-day moving average price is $4.24 and its 200 day moving average price is $4.65.

A number of research analysts recently issued reports on the company. Zacks Investment Research raised Gevo from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Citigroup assumed coverage on Gevo in a report on Wednesday, February 9th. They issued a “buy” rating and a $5.00 price target for the company.

In other news, Director Gary W. Mize acquired 35,339 shares of the company’s stock in a transaction on Thursday, March 24th. The stock was purchased at an average cost of $4.48 per share, with a total value of $158,318.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of GEVO. Royal Bank of Canada grew its position in shares of Gevo by 531.9% during the 2nd quarter. Royal Bank of Canada now owns 17,376 shares of the energy company’s stock worth $126,000 after buying an additional 14,626 shares during the period. Wells Fargo & Company MN grew its position in shares of Gevo by 18.3% during the 2nd quarter. Wells Fargo & Company MN now owns 98,670 shares of the energy company’s stock worth $717,000 after buying an additional 15,286 shares during the period. Morgan Stanley grew its position in shares of Gevo by 196.5% during the 2nd quarter. Morgan Stanley now owns 996,886 shares of the energy company’s stock worth $7,248,000 after buying an additional 660,714 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Gevo during the 3rd quarter worth about $89,000. Finally, LPL Financial LLC grew its position in shares of Gevo by 191.7% during the 3rd quarter. LPL Financial LLC now owns 40,554 shares of the energy company’s stock worth $269,000 after buying an additional 26,652 shares during the period. Institutional investors own 40.15% of the company’s stock.

Gevo Company Profile (Get Rating)

Gevo, Inc operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives.

Further Reading

Earnings History for Gevo (NASDAQ:GEVO)

Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with MarketBeat.com's FREE daily email newsletter.