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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