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CGC   6.85 (-5.26%)
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GE   89.90 (+0.65%)
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AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
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BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
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MU   78.72 (-3.96%)
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T   24.12 (-0.54%)
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DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
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NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
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MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
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PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)

$856.92 Million in Sales Expected for Renewable Energy Group, Inc. (NASDAQ:REGI) This Quarter

Last updated on Saturday, January 15, 2022 | 2022 MarketBeat

Equities analysts predict that Renewable Energy Group, Inc. (NASDAQ:REGI) will announce sales of $856.92 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Renewable Energy Group's earnings, with estimates ranging from $828.89 million to $892.37 million. Renewable Energy Group reported sales of $547.93 million in the same quarter last year, which indicates a positive year over year growth rate of 56.4%. The business is expected to report its next earnings results on Thursday, February 24th.

According to Zacks, analysts expect that Renewable Energy Group will report full year sales of $3.22 billion for the current fiscal year, with estimates ranging from $3.19 billion to $3.25 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.10 billion, with estimates ranging from $2.87 billion to $3.62 billion. Zacks Investment Research's sales calculations are an average based on a survey of analysts that follow Renewable Energy Group.

Renewable Energy Group (NASDAQ:REGI) last issued its quarterly earnings results on Wednesday, November 3rd. The oil and gas company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.32). The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $886.66 million. Renewable Energy Group had a net margin of 6.42% and a return on equity of 12.37%. During the same period in the prior year, the firm earned $0.60 EPS.

A number of analysts have recently issued reports on the stock. Raymond James reissued a "buy" rating and set a $75.00 target price on shares of Renewable Energy Group in a research note on Tuesday, September 21st. Zacks Investment Research upgraded shares of Renewable Energy Group from a "hold" rating to a "buy" rating and set a $50.00 price objective on the stock in a report on Wednesday. Finally, Citigroup increased their price target on shares of Renewable Energy Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $78.51.

REGI stock opened at $45.27 on Friday. The company has a quick ratio of 5.90, a current ratio of 7.76 and a debt-to-equity ratio of 0.32. Renewable Energy Group has a twelve month low of $40.27 and a twelve month high of $117.00. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 11.52 and a beta of 0.73. The firm's fifty day simple moving average is $46.80 and its two-hundred day simple moving average is $52.42.

In related news, General Counsel Eric Bowen sold 5,000 shares of Renewable Energy Group stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $57.36, for a total transaction of $286,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Todd Samuels sold 3,248 shares of Renewable Energy Group stock in a transaction on Thursday, October 28th. The shares were sold at an average price of $60.00, for a total value of $194,880.00. The disclosure for this sale can be found here. Company insiders own 2.47% of the company's stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Renewable Energy Group by 2.4% in the 3rd quarter. BlackRock Inc. now owns 8,943,662 shares of the oil and gas company's stock worth $448,973,000 after acquiring an additional 208,578 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Renewable Energy Group by 25.9% in the 2nd quarter. Vanguard Group Inc. now owns 5,150,793 shares of the oil and gas company's stock valued at $321,100,000 after buying an additional 1,059,273 shares in the last quarter. State Street Corp boosted its stake in Renewable Energy Group by 10.7% in the 2nd quarter. State Street Corp now owns 2,989,934 shares of the oil and gas company's stock worth $186,392,000 after purchasing an additional 289,272 shares during the period. FMR LLC boosted its stake in Renewable Energy Group by 6.1% in the 2nd quarter. FMR LLC now owns 1,970,084 shares of the oil and gas company's stock worth $122,815,000 after purchasing an additional 112,627 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Renewable Energy Group by 5.4% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,494,246 shares of the oil and gas company's stock worth $93,151,000 after buying an additional 76,162 shares during the last quarter. Hedge funds and other institutional investors own 90.80% of the company's stock.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc is a holding company, which engages in the production and trade of biofuel and renewable chemicals. It operates through the following segments: Biomass-based Diesel and Services. The Biomass-based Diesel segment processes waste vegetable oils, animal fats, virgin vegetable oils and other feedstock's and methanol into biomass-based diesel.

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Earnings History and Estimates for Renewable Energy Group (NASDAQ:REGI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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