Green Plains (NASDAQ:GPRE) Issues Earnings Results

Green Plains (NASDAQ:GPRE) released 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 for the quarter, compared to analysts’ expectations of $654.40 million. During the same period in the previous year, the company posted ($1.20) earnings per share. The business’s quarterly revenue was down 28.3% compared to the same quarter last year.

Green Plains Trading Down 2.7 %

GPRE traded down $0.57 during mid-day trading on Friday, hitting $20.17. 1,810,804 shares of the stock were exchanged, compared to its average volume of 1,253,445. The firm’s fifty day moving average is $21.65 and its two-hundred day moving average is $23.50. Green Plains has a 1-year low of $19.44 and a 1-year high of $36.02. The company has a market cap of $1.30 billion, a PE ratio of -12.45 and a beta of 1.62. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50.

Insider Buying and Selling at Green Plains

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

Analysts Set New Price Targets

Several brokerages have weighed in on GPRE. 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. The Goldman Sachs Group dropped their target price on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Roth Mkm reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Green Plains in a report on Monday, March 25th. TheStreet cut shares of Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. Finally, UBS Group lowered their price target on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.40.

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.