Brokerages Anticipate Gevo Inc (GEVO) to Post ($0.60) EPS

Gevo Inc (NASDAQ:GEVO) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. Gevo’s rating score has improved by 66.7% in the last three months as a result of various analysts’ upgrades and downgrades.

Zacks has also given Gevo an industry rank of 31 out of 255 based on the ratings given to its competitors.

Several equities analysts have commented on the company. ValuEngine downgraded Gevo from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. Zacks Investment Research downgraded Gevo from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Finally, HC Wainwright raised Gevo from a “neutral” rating to a “buy” rating in a research report on Friday, September 7th.

Gevo stock traded down $0.10 during mid-day trading on Friday, hitting $3.72. The company’s stock had a trading volume of 333,940 shares, compared to its average volume of 823,219. The company has a market capitalization of $32.02 million, a PE ratio of -0.12 and a beta of 2.64. The company has a quick ratio of 10.19, a current ratio of 11.09 and a debt-to-equity ratio of 0.12. Gevo has a one year low of $2.75 and a one year high of $24.74.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Wednesday, August 8th. The energy company reported ($3.31) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($5.80) by $2.49. The company had revenue of $9.42 million for the quarter, compared to the consensus estimate of $5.90 million. Gevo had a negative return on equity of 26.55% and a negative net margin of 70.32%. As a group, research analysts anticipate that Gevo will post -6.73 earnings per share for the current year.

In other news, Director Johannes Minho Roth purchased 137,170 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were acquired at an average price of $3.07 per share, with a total value of $421,111.90. Following the transaction, the director now owns 19,424 shares of the company’s stock, valued at $59,631.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patrick R. Gruber purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were purchased at an average cost of $2.93 per share, for a total transaction of $29,300.00. The disclosure for this purchase can be found here. 0.05% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in Gevo stock. Bank of Montreal Can increased its stake in shares of Gevo Inc (NASDAQ:GEVO) by 100.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the energy company’s stock after purchasing an additional 30,000 shares during the quarter. Bank of Montreal Can owned approximately 0.74% of Gevo worth $238,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 4.64% of the company’s stock.

About Gevo

Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.

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