Vertex Energy, Inc. (NASDAQ:VTNR) Expected to Announce Quarterly Sales of $978.14 Million

Equities research analysts forecast that Vertex Energy, Inc. (NASDAQ:VTNR – Get Rating) will announce sales of $978.14 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vertex Energy’s earnings, with the highest sales estimate coming in at $1.27 billion and the lowest estimate coming in at $690.90 million. Vertex Energy reported sales of $65.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 1,400.2%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Vertex Energy will report full-year sales of $2.95 billion for the current fiscal year, with estimates ranging from $2.07 billion to $3.83 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.23 billion, with estimates ranging from $3.57 billion to $4.88 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Vertex Energy.

Vertex Energy (NASDAQ:VTNR – Get Rating) last announced its earnings results on Monday, March 7th. The industrial products company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.16). Vertex Energy had a negative return on equity of 25.34% and a negative net margin of 7.20%. During the same period in the prior year, the business earned ($0.12) earnings per share.

Several equities analysts have recently commented on VTNR shares. Zacks Investment Research upgraded Vertex Energy from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, May 18th. StockNews.com started coverage on Vertex Energy in a research report on Thursday, March 31st. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $14.50.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP bought a new position in Vertex Energy during the 3rd quarter worth approximately $2,190,000. Kirr Marbach & Co. LLC IN bought a new position in Vertex Energy during the 4th quarter worth approximately $63,000. Meridian Wealth Advisors LLC bought a new position in Vertex Energy during the 4th quarter worth approximately $45,000. Trexquant Investment LP bought a new position in Vertex Energy during the 3rd quarter worth approximately $311,000. Finally, Potomac Capital Management Inc. bought a new position in Vertex Energy during the 4th quarter worth approximately $476,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

Shares of Vertex Energy stock opened at $14.56 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.87 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $10.36 and its 200-day moving average price is $7.02. Vertex Energy has a 12 month low of $3.30 and a 12 month high of $16.20.

About Vertex Energy (Get Rating)

Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates through Black Oil, Refining and Marketing, and Recovery segments.

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