Green Plains (NASDAQ:GPRE) Posts Quarterly Earnings Results, Misses Expectations By $0.48 EPS

Green Plains (NASDAQ:GPRE) released its quarterly earnings data on Friday. The specialty chemicals company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48), Briefing.com reports. Green Plains had a negative return on equity of 7.86% and a negative net margin of 2.43%. The company had revenue of $597.20 million for the quarter, compared to analyst estimates of $654.40 million. During the same quarter in the prior year, the company earned ($1.20) earnings per share. Green Plains’s revenue for the quarter was down 28.3% compared to the same quarter last year.

Green Plains Trading Down 2.7 %

GPRE opened at $20.17 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.75. Green Plains has a fifty-two week low of $19.44 and a fifty-two week high of $36.02. The company’s 50-day moving average is $21.65 and its 200 day moving average is $23.42.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group cut their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. TheStreet downgraded shares of Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. UBS Group dropped their target price on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Truist Financial restated a “buy” rating and issued a $35.00 price target on shares of Green Plains in a report on Tuesday, March 26th. Finally, Roth Mkm reissued a “buy” rating and set a $55.00 price objective on shares of Green Plains in a research report on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Green Plains currently has an average rating of “Moderate Buy” and a consensus price target of $37.40.

Insider Buying and Selling

In other news, Director Ejnar A. Knudsen III purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $24.73 per share, with a total value of $98,920.00. Following the completion of the transaction, the director now directly owns 40,913 shares of the company’s stock, valued at $1,011,778.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.