$553.22 Million in Sales Expected for Renewable Energy Group Inc (NASDAQ:REGI) This Quarter

Analysts expect Renewable Energy Group Inc (NASDAQ:REGI) to announce sales of $553.22 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Renewable Energy Group’s earnings, with the highest sales estimate coming in at $570.00 million and the lowest estimate coming in at $541.65 million. Renewable Energy Group posted sales of $519.76 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The company is expected to announce its next earnings results on Tuesday, March 3rd.

According to Zacks, analysts expect that Renewable Energy Group will report full year sales of $2.18 billion for the current fiscal year, with estimates ranging from $2.16 billion to $2.19 billion. For the next fiscal year, analysts expect that the company will post sales of $2.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Renewable Energy Group.

Several research firms recently weighed in on REGI. Zacks Investment Research upgraded Renewable Energy Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. ValuEngine downgraded Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. BWS Financial restated a “buy” rating on shares of Renewable Energy Group in a report on Friday, September 6th. Finally, BidaskClub upgraded Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $29.33.

Shares of REGI stock traded up $0.03 on Thursday, reaching $17.02. The company’s stock had a trading volume of 449,100 shares, compared to its average volume of 691,694. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is $15.49 and its 200-day simple moving average is $15.34. The company has a market capitalization of $669.69 million, a price-to-earnings ratio of 2.51 and a beta of 1.20. Renewable Energy Group has a 1 year low of $9.90 and a 1 year high of $29.61.

Institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV grew its stake in Renewable Energy Group by 93.5% in the second quarter. KBC Group NV now owns 489,849 shares of the oil and gas company’s stock valued at $7,769,000 after purchasing an additional 236,695 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Renewable Energy Group by 7.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 93,636 shares of the oil and gas company’s stock valued at $1,485,000 after buying an additional 6,800 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Renewable Energy Group by 15.0% in the second quarter. JPMorgan Chase & Co. now owns 1,625,943 shares of the oil and gas company’s stock valued at $26,242,000 after buying an additional 212,277 shares during the last quarter. Alps Advisors Inc. boosted its position in Renewable Energy Group by 62.4% in the second quarter. Alps Advisors Inc. now owns 75,541 shares of the oil and gas company’s stock valued at $1,198,000 after buying an additional 29,012 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Renewable Energy Group by 114.2% in the second quarter. SG Americas Securities LLC now owns 18,544 shares of the oil and gas company’s stock valued at $294,000 after buying an additional 9,887 shares during the last quarter.

About Renewable Energy Group

Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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Earnings History and Estimates for Renewable Energy Group (NASDAQ:REGI)

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