Green Plains Inc. (NASDAQ:GPRE – Get Rating) – Equities research analysts at Oppenheimer lowered their Q3 2022 earnings estimates for shares of Green Plains in a report issued on Wednesday, August 3rd. Oppenheimer analyst K. Owen now anticipates that the specialty chemicals company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.21. The consensus estimate for Green Plains’ current full-year earnings is ($0.53) per share. Oppenheimer also issued estimates for Green Plains’ Q4 2022 earnings at $0.32 EPS and FY2022 earnings at $0.11 EPS.
Green Plains (NASDAQ:GPRE – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The specialty chemicals company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.62. Green Plains had a negative net margin of 2.52% and a negative return on equity of 9.05%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter last year, the company posted $0.25 EPS. The firm’s quarterly revenue was up 39.7% on a year-over-year basis.
Green Plains Stock Performance
Shares of GPRE stock opened at $36.91 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.79 and a debt-to-equity ratio of 0.46. Green Plains has a 52 week low of $26.09 and a 52 week high of $44.27. The stock has a market capitalization of $1.99 billion, a PE ratio of -20.62 and a beta of 1.70. The firm has a 50 day moving average of $31.95 and a two-hundred day moving average of $31.05.
Institutional Investors Weigh In On Green Plains
Several institutional investors have recently modified their holdings of GPRE. Covestor Ltd raised its stake in Green Plains by 8,023.1% during the 1st quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 1,043 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Green Plains during the 1st quarter worth $46,000. City State Bank acquired a new stake in Green Plains during the 4th quarter worth $56,000. Point72 Hong Kong Ltd raised its stake in Green Plains by 39.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,915 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 539 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Green Plains by 50.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the specialty chemicals company’s stock worth $64,000 after acquiring an additional 700 shares in the last quarter.
Green Plains Company Profile
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.
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