Green Plains (NASDAQ:GPRE) Announces Quarterly Earnings Results

Green Plains (NASDAQ:GPREGet Free Report) posted its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04), Briefing.com reports. The company had revenue of $712.39 million during the quarter, compared to analysts’ expectations of $782.01 million. Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. Green Plains’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.66) EPS.

Green Plains Stock Up 4.6 %

Shares of GPRE opened at $24.71 on Friday. Green Plains has a 1 year low of $19.44 and a 1 year high of $36.89. The business’s 50 day simple moving average is $23.35 and its 200-day simple moving average is $27.57. The company has a quick ratio of 1.37, a current ratio of 1.90 and a debt-to-equity ratio of 0.50.

Insider Transactions at Green Plains

In related news, Director James D. Anderson bought 2,500 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were purchased at an average price of $23.20 per share, with a total value of $58,000.00. Following the transaction, the director now owns 118,906 shares in the company, valued at approximately $2,758,619.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director James D. Anderson purchased 2,500 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were acquired at an average price of $23.20 per share, with a total value of $58,000.00. Following the transaction, the director now owns 118,906 shares of the company’s stock, valued at $2,758,619.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Todd A. Becker purchased 5,419 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were purchased at an average cost of $23.08 per share, for a total transaction of $125,070.52. Following the transaction, the chief executive officer now directly owns 695,386 shares in the company, valued at approximately $16,049,508.88. The disclosure for this purchase can be found here. Insiders have bought 8,879 shares of company stock valued at $206,763 in the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Green Plains

A number of hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in shares of Green Plains by 28.7% during the 3rd quarter. American Century Companies Inc. now owns 48,893 shares of the specialty chemicals company’s stock worth $1,472,000 after purchasing an additional 10,905 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Green Plains by 25.1% during the 3rd quarter. Deutsche Bank AG now owns 33,806 shares of the specialty chemicals company’s stock worth $1,018,000 after purchasing an additional 6,776 shares during the last quarter. Comerica Bank purchased a new stake in shares of Green Plains during the 3rd quarter worth $830,000. The Manufacturers Life Insurance Company lifted its stake in shares of Green Plains by 26.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 29,625 shares of the specialty chemicals company’s stock worth $892,000 after purchasing an additional 6,134 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Green Plains by 276.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,749 shares of the specialty chemicals company’s stock worth $143,000 after purchasing an additional 3,489 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GPRE shares. The Goldman Sachs Group reduced their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, January 30th. TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday. Truist Financial reduced their price objective on Green Plains from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Finally, StockNews.com upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Green Plains currently has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Get Our Latest Analysis on Green Plains

Green Plains Company Profile

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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.

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Earnings History for Green Plains (NASDAQ:GPRE)

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