Gevo (GEVO) Set to Announce Quarterly Earnings on Monday

Gevo (NASDAQ:GEVOGet Rating) will be issuing its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Gevo (NASDAQ:GEVOGet Rating) last posted its quarterly earnings data on Monday, May 9th. The energy company reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $0.23 million during the quarter, compared to analysts’ expectations of $0.11 million. Gevo had a negative return on equity of 11.70% and a negative net margin of 7,625.77%. During the same period in the previous year, the business earned ($0.05) earnings per share. On average, analysts expect Gevo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gevo Stock Up 5.8 %

Gevo stock opened at $2.94 on Monday. The stock has a market capitalization of $593.15 million, a PE ratio of -9.19 and a beta of 3.30. Gevo has a 12 month low of $2.18 and a 12 month high of $8.27. The business has a 50 day simple moving average of $2.90 and a 200-day simple moving average of $3.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 18.69 and a quick ratio of 18.54.

Insider Activity

In other news, CEO Patrick R. Gruber sold 249,790 shares of the business’s stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $2.53, for a total value of $631,968.70. Following the completion of the sale, the chief executive officer now directly owns 2,018,127 shares in the company, valued at $5,105,861.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Geoffrey Thomas Jr. Williams sold 57,306 shares of Gevo stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $2.53, for a total value of $144,984.18. Following the sale, the vice president now directly owns 312,829 shares of the company’s stock, valued at $791,457.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick R. Gruber sold 249,790 shares of Gevo stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $2.53, for a total value of $631,968.70. Following the completion of the sale, the chief executive officer now directly owns 2,018,127 shares in the company, valued at $5,105,861.31. The disclosure for this sale can be found here. Insiders sold 645,000 shares of company stock worth $1,634,913 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Gevo

Institutional investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Gevo by 27.7% in the first quarter. State Street Corp now owns 23,830,761 shares of the energy company’s stock worth $111,528,000 after acquiring an additional 5,167,904 shares during the last quarter. Vanguard Group Inc. boosted its stake in Gevo by 1.7% during the first quarter. Vanguard Group Inc. now owns 10,707,987 shares of the energy company’s stock worth $50,114,000 after buying an additional 176,642 shares during the last quarter. Bank of America Corp DE boosted its stake in Gevo by 144.3% during the first quarter. Bank of America Corp DE now owns 1,119,600 shares of the energy company’s stock worth $5,239,000 after buying an additional 661,243 shares during the last quarter. Citigroup Inc. boosted its stake in Gevo by 43.5% during the first quarter. Citigroup Inc. now owns 702,549 shares of the energy company’s stock worth $3,288,000 after buying an additional 213,128 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Gevo by 2.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 522,235 shares of the energy company’s stock worth $2,445,000 after buying an additional 13,777 shares during the last quarter. 40.15% of the stock is owned by institutional investors and hedge funds.

About Gevo

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Gevo, Inc operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives.

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Earnings History for Gevo (NASDAQ:GEVO)

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