Green Plains Inc. (NASDAQ:GPRE – Get Rating) – Equities researchers at Oppenheimer raised their Q2 2022 earnings per share estimates for Green Plains in a note issued to investors on Tuesday, May 3rd. Oppenheimer analyst K. Owen now expects that the specialty chemicals company will earn $0.22 per share for the quarter, up from their previous forecast of $0.13. Oppenheimer also issued estimates for Green Plains’ Q3 2022 earnings at $0.21 EPS, Q4 2022 earnings at $0.07 EPS, FY2022 earnings at ($0.63) EPS and FY2023 earnings at $2.40 EPS.
A number of other brokerages also recently commented on GPRE. StockNews.com downgraded shares of Green Plains from a “hold” rating to a “sell” rating in a research note on Thursday, April 14th. Evercore ISI upgraded shares of Green Plains from an “in-line” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Tuesday, January 18th. BMO Capital Markets dropped their price objective on shares of Green Plains from $52.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 14th. Finally, Zacks Investment Research downgraded shares of Green Plains from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $47.10.
Green Plains (NASDAQ:GPRE – Get Rating) last issued its earnings results on Monday, May 2nd. The specialty chemicals company reported ($1.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($1.09). The company had revenue of $781.40 million during the quarter, compared to the consensus estimate of $728.25 million. Green Plains had a negative return on equity of 10.32% and a negative net margin of 3.96%. Green Plains’s revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.48) earnings per share.
Several large investors have recently added to or reduced their stakes in the company. Aubrey Capital Management Ltd increased its stake in shares of Green Plains by 10.1% in the first quarter. Aubrey Capital Management Ltd now owns 13,105 shares of the specialty chemicals company’s stock worth $406,000 after acquiring an additional 1,200 shares during the period. Victory Capital Management Inc. grew its position in Green Plains by 2.0% during the first quarter. Victory Capital Management Inc. now owns 1,451,681 shares of the specialty chemicals company’s stock valued at $44,981,000 after buying an additional 28,331 shares during the period. Mutual of America Capital Management LLC grew its position in Green Plains by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 7,723 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 401 shares during the period. SG Americas Securities LLC grew its position in Green Plains by 92.7% during the first quarter. SG Americas Securities LLC now owns 19,938 shares of the specialty chemicals company’s stock valued at $618,000 after buying an additional 9,591 shares during the period. Finally, FourThought Financial LLC grew its position in Green Plains by 25.0% during the first quarter. FourThought Financial LLC now owns 3,096 shares of the specialty chemicals company’s stock valued at $96,000 after buying an additional 619 shares during the period.
About Green Plains (Get Rating)
Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.
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