Benson Hill, Inc. (NYSE:BHIL) Expected to Post Quarterly Sales of $68.95 Million

Brokerages expect Benson Hill, Inc. (NYSE:BHILGet Rating) to post sales of $68.95 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Benson Hill’s earnings, with the highest sales estimate coming in at $75.99 million and the lowest estimate coming in at $61.90 million. The firm is expected to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Benson Hill will report full year sales of $329.38 million for the current financial year, with estimates ranging from $324.50 million to $334.26 million. For the next financial year, analysts forecast that the company will post sales of $400.77 million, with estimates ranging from $375.03 million to $426.50 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Benson Hill.

Benson Hill (NYSE:BHILGet Rating) last issued its earnings results on Monday, March 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.18). The firm had revenue of $43.72 million during the quarter.

BHIL has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on Benson Hill from $9.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 16th. Roth Capital assumed coverage on Benson Hill in a research note on Friday, March 25th. They issued a “buy” rating and a $9.00 price target for the company. Barclays decreased their target price on Benson Hill from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, March 29th. Finally, Zacks Investment Research raised Benson Hill from a “sell” rating to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $8.00.

Shares of BHIL opened at $3.58 on Thursday. The business’s 50 day moving average is $3.81 and its two-hundred day moving average is $5.16. Benson Hill has a 52-week low of $2.53 and a 52-week high of $10.00. The company has a quick ratio of 3.27, a current ratio of 3.95 and a debt-to-equity ratio of 0.31.

Several institutional investors and hedge funds have recently bought and sold shares of BHIL. Fortem Financial Group LLC acquired a new position in shares of Benson Hill during the 1st quarter valued at about $1,363,000. Sciencast Management LP acquired a new position in shares of Benson Hill during the 1st quarter valued at about $227,000. Archford Capital Strategies LLC acquired a new position in shares of Benson Hill during the 1st quarter valued at about $179,000. BlackRock Inc. acquired a new position in shares of Benson Hill during the 4th quarter valued at about $17,043,000. Finally, Wagner Wealth Management LLC acquired a new position in shares of Benson Hill during the 4th quarter valued at about $30,000. 17.18% of the stock is owned by institutional investors.

Benson Hill Company Profile (Get Rating)

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.

Read More

Get a free copy of the Zacks research report on Benson Hill (BHIL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Benson Hill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benson Hill and related companies with MarketBeat.com's FREE daily email newsletter.