$82.77 Million in Sales Expected for Benson Hill, Inc. (NYSE:BHIL) This Quarter

Posted by on Jun 8th, 2022

Analysts predict that Benson Hill, Inc. (NYSE:BHIL – Get Rating) will post sales of $82.77 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Benson Hill’s earnings. The highest sales estimate is $86.20 million and the lowest is $79.34 million. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Benson Hill will report full-year sales of $342.87 million for the current financial year, with estimates ranging from $339.74 million to $346.00 million. For the next year, analysts expect that the firm will report sales of $410.17 million, with estimates ranging from $387.43 million to $432.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Benson Hill.

Benson Hill (NYSE:BHIL – Get Rating) last announced its earnings results on Monday, May 16th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.10.

A number of analysts have recently weighed in on the stock. Roth Capital initiated coverage on shares of Benson Hill in a research report on Friday, March 25th. They set a “buy” rating and a $9.00 price target for the company. Zacks Investment Research raised shares of Benson Hill from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Barclays cut their target price on shares of Benson Hill from $8.00 to $5.00 and set an “overweight” rating on the stock in a research note on Thursday, May 19th. Finally, The Goldman Sachs Group decreased their price target on Benson Hill from $9.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, March 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $7.25.

BHIL stock opened at $3.30 on Wednesday. The stock’s 50 day moving average is $3.45 and its two-hundred day moving average is $4.46. Benson Hill has a 52-week low of $2.45 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.73 and a current ratio of 4.50.

Several large investors have recently modified their holdings of the business. Wagner Wealth Management LLC bought a new position in shares of Benson Hill during the fourth quarter valued at approximately $30,000. Penserra Capital Management LLC bought a new stake in Benson Hill in the third quarter valued at $79,000. Victory Capital Management Inc. acquired a new position in shares of Benson Hill during the fourth quarter valued at $94,000. Raymond James & Associates bought a new position in shares of Benson Hill during the fourth quarter worth about $99,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Benson Hill in the 4th quarter worth about $102,000. 13.45% of the stock is currently owned by institutional investors.

About Benson Hill (Get Rating)

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.

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