Green Plains (NASDAQ:GPRE) Announces Earnings Results, Misses Estimates By $0.48 EPS

Green Plains (NASDAQ:GPRE) announced its earnings results 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 9.67% and a negative net margin of 2.83%. The company had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same period last year, the firm posted ($1.20) EPS. The company’s revenue was down 28.3% compared to the same quarter last year.

Green Plains Price Performance

Shares of NASDAQ:GPRE traded down $0.57 on Friday, hitting $20.17. The stock had a trading volume of 1,810,804 shares, compared to its average volume of 1,253,445. Green Plains has a twelve month low of $19.44 and a twelve month high of $36.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.34 and a current ratio of 1.90. The firm’s 50 day moving average price is $21.65 and its 200-day moving average price is $23.50. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -12.45 and a beta of 1.62.

Insider Activity

In related news, Director Ejnar A. Knudsen III purchased 4,000 shares of Green Plains stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the transaction, the director now directly owns 40,913 shares in the company, valued at $1,011,778.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GPRE has been the topic of a number of research reports. 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. The Goldman Sachs Group dropped their target price on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. TheStreet lowered shares of Green Plains from a “c-” rating to a “d+” rating in a research report on Wednesday, February 7th. Truist Financial reiterated a “buy” rating and set a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. Finally, Roth Mkm reiterated a “buy” rating and set a $55.00 price target on shares of Green Plains in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.40.

About Green Plains

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.