Green Plains (NASDAQ:GPRE) Announces Quarterly Earnings Results, Misses Expectations By $0.48 EPS

Green Plains (NASDAQ:GPRE - Get Free Report) posted its quarterly earnings data on Friday. The specialty chemicals company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.48), Briefing.com reports. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. The firm had revenue of $597.20 million for the quarter, compared to the consensus estimate of $654.40 million. During the same period in the previous year, the firm posted ($1.20) earnings per share. The business's revenue was down 28.3% compared to the same quarter last year.

Green Plains Stock Down 2.7 %

GPRE stock traded down $0.57 during midday trading on Friday, hitting $20.17. The company's stock had a trading volume of 1,810,804 shares, compared to its average volume of 1,253,445. The firm's 50-day moving average is $21.65 and its 200-day moving average is $23.46. The company has a current ratio of 1.90, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50. Green Plains has a 12 month low of $19.44 and a 12 month high of $36.02. The company has a market cap of $1.30 billion, a PE ratio of -12.45 and a beta of 1.62.

Analyst Ratings Changes

GPRE has been the topic of a number of research reports. TheStreet cut shares of Green Plains from a "c-" rating to a "d+" rating in a report on Wednesday, February 7th. UBS Group cut their price objective on shares of Green Plains from $33.50 to $31.00 and set a "buy" rating on the stock in a report on Monday, March 4th. Roth Mkm reiterated a "buy" rating and set a $55.00 target price on shares of Green Plains in a report on Monday, March 25th. Truist Financial restated a "buy" rating and issued a $35.00 price target on shares of Green Plains in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group lowered their price objective on Green Plains from $39.00 to $34.00 and set a "buy" rating for the company in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.40.

Insiders Place Their Bets

In other Green Plains news, Director Ejnar A. Knudsen III purchased 4,000 shares of the stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $24.73 per share, with a total value of $98,920.00. Following the completion of the acquisition, the director now directly owns 40,913 shares in the company, valued at approximately $1,011,778.49. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.20% of the company's stock.

About Green Plains

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.