Green Plains Inc (NASDAQ:GPRE) has received an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $26.00.
A number of brokerages have weighed in on GPRE. BidaskClub lowered Green Plains from a “hold” rating to a “sell” rating in a report on Saturday, August 18th. ValuEngine upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. TheStreet downgraded shares of Green Plains from a “c” rating to a “d+” rating in a research report on Monday, November 12th. Finally, Roth Capital set a $25.00 price target on shares of Green Plains and gave the company a “buy” rating in a research report on Tuesday, July 31st.
In other news, EVP Walter S. Cronin sold 3,000 shares of Green Plains stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $16.48, for a total transaction of $49,440.00. Following the completion of the sale, the executive vice president now directly owns 50,089 shares in the company, valued at approximately $825,466.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Todd A. Becker sold 90,000 shares of Green Plains stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $16.58, for a total value of $1,492,200.00. Following the transaction, the insider now owns 728,800 shares of the company’s stock, valued at $12,083,504. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,194 shares of company stock valued at $2,432,198. Insiders own 5.90% of the company’s stock.
GPRE traded down $1.33 during trading on Friday, reaching $15.55. The company’s stock had a trading volume of 679,527 shares, compared to its average volume of 697,956. Green Plains has a 52-week low of $15.25 and a 52-week high of $21.90. The firm has a market capitalization of $699.08 million, a PE ratio of -18.08 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 0.49 and a debt-to-equity ratio of 0.76.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, November 7th. The specialty chemicals company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.19). Green Plains had a net margin of 0.23% and a negative return on equity of 4.22%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $996.40 million. During the same period in the prior year, the firm posted ($0.18) EPS. Green Plains’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts predict that Green Plains will post -1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 27th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.09%. Green Plains’s payout ratio is -55.81%.
About Green Plains
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.
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