Green Plains Inc. (NASDAQ:GPRE – Get Rating) – Stock analysts at Oppenheimer boosted their Q1 2023 earnings estimates for shares of Green Plains in a report released on Monday, April 24th. Oppenheimer analyst K. Owen now forecasts that the specialty chemicals company will post earnings of ($0.94) per share for the quarter, up from their previous forecast of ($0.96). The consensus estimate for Green Plains’ current full-year earnings is $0.64 per share. Oppenheimer also issued estimates for Green Plains’ Q4 2023 earnings at $0.49 EPS and FY2024 earnings at $2.75 EPS.
Green Plains (NASDAQ:GPRE – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The specialty chemicals company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.46). Green Plains had a negative net margin of 3.47% and a negative return on equity of 13.88%. The company had revenue of $914.00 million during the quarter, compared to analyst estimates of $894.42 million. During the same quarter last year, the company posted ($0.06) EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis.
Green Plains Stock Up 2.1 %
Shares of GPRE opened at $33.64 on Thursday. Green Plains has a 52 week low of $26.09 and a 52 week high of $41.25. The firm has a market cap of $1.99 billion, a P/E ratio of -14.25 and a beta of 1.72. The firm’s 50-day simple moving average is $32.43 and its 200 day simple moving average is $31.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.33 and a current ratio of 1.91.
Institutional Trading of Green Plains
A number of institutional investors have recently bought and sold shares of GPRE. Texas Permanent School Fund lifted its holdings in shares of Green Plains by 7.4% during the 3rd quarter. Texas Permanent School Fund now owns 41,782 shares of the specialty chemicals company’s stock worth $1,215,000 after acquiring an additional 2,881 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Green Plains by 6.7% during the 3rd quarter. Prudential Financial Inc. now owns 58,820 shares of the specialty chemicals company’s stock worth $1,714,000 after acquiring an additional 3,685 shares during the period. B. Riley Asset Management LLC bought a new stake in shares of Green Plains during the 3rd quarter worth approximately $2,524,000. Broad Bay Capital Management LP bought a new stake in shares of Green Plains during the 3rd quarter worth approximately $4,757,000. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Green Plains by 17.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 155,700 shares of the specialty chemicals company’s stock worth $4,526,000 after acquiring an additional 23,600 shares during the period.
Green Plains Company Profile
Green Plains, Inc engages in the production of fuel-grade ethanol and corn oil, the provision of grain handling, and storage commodity marketing and distribution services. It operates through the following segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers’ grain, and corn oil at ethanol plants in Indiana, Iowa, Minnesota, Nebraska, Tennessee, and Texas.
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