BidaskClub downgraded shares of Green Plains (NASDAQ:GPRE) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
GPRE has been the subject of several other research reports. ValuEngine cut shares of Green Plains from a sell rating to a strong sell rating in a research note on Monday, April 2nd. Zacks Investment Research cut shares of Green Plains from a hold rating to a strong sell rating in a research note on Wednesday, May 9th. Finally, Stephens cut shares of Green Plains from an overweight rating to an equal weight rating in a research note on Thursday, June 28th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $25.17.
Shares of Green Plains opened at $17.05 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. Green Plains has a 52 week low of $15.60 and a 52 week high of $21.90. The stock has a market capitalization of $757.31 million, a P/E ratio of -19.83 and a beta of 1.28.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Monday, May 7th. The specialty chemicals company reported ($0.60) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.25). Green Plains had a net margin of 1.08% and a negative return on equity of 5.27%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $926.04 million. During the same quarter last year, the business earned ($0.09) EPS. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. research analysts anticipate that Green Plains will post -0.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, May 25th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, May 24th. Green Plains’s payout ratio is currently -55.81%.
In other Green Plains news, EVP Paul E. Kolomaya sold 8,000 shares of Green Plains stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $20.56, for a total transaction of $164,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Luzich Partners LLC raised its position in Green Plains by 8.7% during the first quarter. Luzich Partners LLC now owns 770,000 shares of the specialty chemicals company’s stock worth $12,936,000 after acquiring an additional 61,390 shares during the last quarter. Principal Financial Group Inc. raised its position in Green Plains by 2.0% during the first quarter. Principal Financial Group Inc. now owns 297,019 shares of the specialty chemicals company’s stock worth $4,990,000 after acquiring an additional 5,873 shares during the last quarter. Harvest Capital Strategies LLC acquired a new position in Green Plains during the first quarter worth about $6,720,000. Millennium Management LLC raised its position in Green Plains by 39.7% during the first quarter. Millennium Management LLC now owns 671,936 shares of the specialty chemicals company’s stock worth $11,289,000 after acquiring an additional 190,927 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in Green Plains by 0.5% during the first quarter. Point72 Asset Management L.P. now owns 3,908,434 shares of the specialty chemicals company’s stock worth $65,662,000 after acquiring an additional 20,574 shares during the last quarter.
Green Plains Company Profile
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.
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