Roth Capital Equities Analysts Raise Earnings Estimates for Green Plains, Inc. (GPRE)

Green Plains, Inc. (NASDAQ:GPRE) – Research analysts at Roth Capital upped their FY2016 earnings per share (EPS) estimates for Green Plains in a research note issued to investors on Wednesday. Roth Capital analyst C. Irwin now expects that the brokerage will earn $0.20 per share for the year, up from their prior forecast of $0.01. Roth Capital currently has a “Buy” rating and a $33.00 target price on the stock. Roth Capital also issued estimates for Green Plains’ Q4 2016 earnings at $0.36 EPS, Q1 2017 earnings at $0.10 EPS, Q2 2017 earnings at $0.40 EPS, Q3 2017 earnings at $0.40 EPS, Q4 2017 earnings at $0.45 EPS and FY2017 earnings at $1.35 EPS.

GPRE has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Green Plains from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 price objective on shares of Green Plains in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.33.

Earnings History and Estimates for Green Plains (NASDAQ:GPRE)

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Green Plains (NASDAQ:GPRE) opened at 24.90 on Friday. The firm’s market capitalization is $955.36 million. Green Plains has a 1-year low of $13.19 and a 1-year high of $29.85. The company’s 50-day moving average is $24.64 and its 200 day moving average is $25.17.

Green Plains (NASDAQ:GPRE) last released its earnings results on Wednesday, February 8th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The firm earned $932.10 million during the quarter, compared to analysts’ expectations of $1,000 million. Green Plains had a net margin of 0.31% and a return on equity of 1.13%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Friday, February 24th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, February 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.93%. Green Plains’s dividend payout ratio (DPR) is 192.00%.

In other Green Plains news, EVP Michelle Mapes sold 3,000 shares of Green Plains stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $27.36, for a total transaction of $82,080.00. Following the completion of the transaction, the executive vice president now directly owns 53,114 shares of the company’s stock, valued at $1,453,199.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Walter S. Cronin sold 850 shares of Green Plains stock in a transaction on Friday, December 16th. The stock was sold at an average price of $29.50, for a total transaction of $25,075.00. Following the transaction, the executive vice president now directly owns 44,494 shares of the company’s stock, valued at $1,312,573. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,674 shares of company stock valued at $351,892. Company insiders own 7.60% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Roth Capital Equities Analysts Raise Earnings Estimates for Green Plains, Inc. (GPRE)” was originally posted by sleekmoney and is owned by of sleekmoney. If you are reading this report on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at http://sleekmoney.com/roth-capital-equities-analysts-raise-earnings-estimates-for-green-plains-inc-gpre/1655358.html.

A number of institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in shares of Green Plains by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,054 shares of the company’s stock worth $100,000 after buying an additional 608 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Green Plains during the second quarter worth about $139,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Green Plains during the third quarter worth about $139,000. Public Employees Retirement System of Ohio boosted its stake in shares of Green Plains by 26.2% in the second quarter. Public Employees Retirement System of Ohio now owns 7,584 shares of the company’s stock worth $150,000 after buying an additional 1,574 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Green Plains by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,030 shares of the company’s stock worth $210,000 after buying an additional 120 shares during the last quarter. 97.67% of the stock is owned by hedge funds and other institutional investors.

Green Plains Company Profile

Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.

5 Day Chart for NASDAQ:GPRE

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