Green Plains (NASDAQ:GPRE) Announces 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 analysts’ consensus estimates of ($0.33) by ($0.48), Briefing.com reports. The company had revenue of $597.20 million during the quarter, compared to analyst estimates of $654.40 million. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The firm’s revenue for the quarter was down 28.3% compared to the same quarter last year. During the same period last year, the firm earned ($1.20) EPS.

Green Plains Price Performance

Green Plains stock traded down $0.57 during midday trading on Friday, reaching $20.17. The company’s stock had a trading volume of 1,810,804 shares, compared to its average volume of 1,253,445. Green Plains has a 52 week low of $19.44 and a 52 week high of $36.02. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $21.65 and a 200-day moving average price 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

A number of research analysts recently commented on GPRE shares. TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. Roth Mkm reaffirmed a “buy” rating and issued a $55.00 price target on shares of Green Plains in a research note on Monday, March 25th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. The Goldman Sachs Group decreased 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. Finally, UBS Group decreased their target price on Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Green Plains presently has an average rating of “Moderate Buy” and a consensus price target of $37.40.

Insider Buying and Selling at Green Plains

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of Green Plains stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $24.73 per share, for a total transaction of $98,920.00. Following the completion of the acquisition, the director now owns 40,913 shares in the company, valued at approximately $1,011,778.49. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.20% of the company’s stock.

About Green Plains

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.