Q2 2023 Earnings Forecast for Benson Hill, Inc. Issued By Oppenheimer (NYSE:BHIL)

Benson Hill, Inc. (NYSE:BHIL – Get Rating) – Oppenheimer issued their Q2 2023 EPS estimates for Benson Hill in a report issued on Monday, March 13th. Oppenheimer analyst K. Owen expects that the company will post earnings per share of ($0.18) for the quarter. Oppenheimer has a “Outperform” rating and a $5.00 price target on the stock. The consensus estimate for Benson Hill’s current full-year earnings is ($0.66) per share. Oppenheimer also issued estimates for Benson Hill’s Q3 2023 earnings at ($0.17) EPS, Q4 2023 earnings at ($0.17) EPS, FY2023 earnings at ($0.71) EPS, Q1 2024 earnings at ($0.08) EPS, Q2 2024 earnings at ($0.09) EPS, Q3 2024 earnings at ($0.10) EPS, Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.37) EPS and FY2025 earnings at ($0.14) EPS.

Benson Hill (NYSE:BHIL – Get Rating) last released its quarterly earnings results on Monday, March 13th. The company reported ($0.17) EPS for the quarter, hitting analysts’ consensus estimates of ($0.17). Benson Hill had a negative net margin of 29.57% and a negative return on equity of 29.08%. The business had revenue of $99.18 million for the quarter, compared to analyst estimates of $99.50 million. During the same period last year, the firm earned ($0.32) earnings per share.

Several other research firms have also commented on BHIL. The Goldman Sachs Group decreased their target price on shares of Benson Hill from $4.25 to $3.75 and set a “neutral” rating on the stock in a report on Tuesday. Lake Street Capital decreased their target price on shares of Benson Hill from $7.00 to $4.50 in a report on Tuesday. Finally, Barclays decreased their target price on shares of Benson Hill from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Benson Hill presently has an average rating of “Moderate Buy” and a consensus target price of $5.04.

Benson Hill Price Performance

NYSE:BHIL opened at $1.55 on Thursday. Benson Hill has a 52 week low of $1.34 and a 52 week high of $5.85. The firm has a market cap of $320.01 million, a price-to-earnings ratio of -2.16 and a beta of 1.54. The firm’s 50-day simple moving average is $2.34 and its 200 day simple moving average is $2.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.86 and a current ratio of 4.54.

Institutional Investors Weigh In On Benson Hill

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wagner Wealth Management LLC acquired a new stake in Benson Hill during the 2nd quarter worth approximately $25,000. HB Wealth Management LLC acquired a new stake in Benson Hill during the 4th quarter worth approximately $30,000. Mackenzie Financial Corp acquired a new stake in Benson Hill during the 2nd quarter worth approximately $32,000. Putnam Investments LLC acquired a new stake in Benson Hill during the 4th quarter worth approximately $35,000. Finally, Squarepoint Ops LLC acquired a new stake in Benson Hill during the 4th quarter worth approximately $38,000. 34.35% of the stock is owned by institutional investors.

Insider Activity at Benson Hill

In related news, CFO Dean P. Freeman sold 26,703 shares of Benson Hill stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $2.55, for a total transaction of $68,092.65. Following the sale, the chief financial officer now directly owns 157,527 shares of the company’s stock, valued at approximately $401,693.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is currently owned by insiders.

Benson Hill Company Profile

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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.