Green Plains Inc. Forecasted to Post FY2024 Earnings of $2.45 Per Share (NASDAQ:GPRE)

Green Plains Inc. (NASDAQ:GPRE – Get Rating) – Research analysts at Oppenheimer dropped their FY2024 earnings per share (EPS) estimates for shares of Green Plains in a research note issued to investors on Tuesday, January 24th. Oppenheimer analyst K. Owen now expects that the specialty chemicals company will post earnings of $2.45 per share for the year, down from their prior forecast of $2.49. The consensus estimate for Green Plains’ current full-year earnings is ($2.07) per share.

Green Plains (NASDAQ:GPRE – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The specialty chemicals company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.18) by ($1.09). Green Plains had a negative net margin of 2.76% and a negative return on equity of 10.48%. The firm had revenue of $954.98 million for the quarter, compared to the consensus estimate of $961.00 million.

A number of other equities research analysts have also commented on the company. UBS Group initiated coverage on Green Plains in a research report on Tuesday, December 13th. They issued a “buy” rating and a $45.00 price target for the company. Truist Financial dropped their price target on shares of Green Plains from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, October 7th. BMO Capital Markets downgraded shares of Green Plains from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $45.00 to $31.00 in a research report on Monday, October 24th. Stephens cut shares of Green Plains from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 17th. Finally, StockNews.com initiated coverage on Green Plains in a report on Wednesday, October 12th. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $39.20.

Green Plains Stock Performance

GPRE opened at $31.13 on Wednesday. Green Plains has a 1-year low of $26.09 and a 1-year high of $41.25. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -16.56, a PEG ratio of 0.59 and a beta of 1.71. The company’s fifty day moving average price is $31.53 and its two-hundred day moving average price is $32.32. The company has a current ratio of 2.22, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44.

Insiders Place Their Bets

In other news, CFO James E. Stark acquired 787 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The stock was bought at an average price of $31.85 per share, with a total value of $25,065.95. Following the acquisition, the chief financial officer now owns 11,184 shares in the company, valued at approximately $356,210.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Green Plains by 13.3% during the 3rd quarter. BlackRock Inc. now owns 10,033,859 shares of the specialty chemicals company’s stock valued at $291,683,000 after acquiring an additional 1,181,259 shares during the period. State Street Corp raised its stake in shares of Green Plains by 6.9% during the 2nd quarter. State Street Corp now owns 4,471,629 shares of the specialty chemicals company’s stock valued at $121,494,000 after purchasing an additional 290,543 shares during the period. Vanguard Group Inc. lifted its holdings in Green Plains by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,964,045 shares of the specialty chemicals company’s stock worth $115,234,000 after purchasing an additional 266,997 shares in the last quarter. Franklin Resources Inc. boosted its stake in Green Plains by 9.9% in the 2nd quarter. Franklin Resources Inc. now owns 3,666,129 shares of the specialty chemicals company’s stock worth $99,608,000 after purchasing an additional 330,583 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Green Plains by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,805,680 shares of the specialty chemicals company’s stock valued at $87,003,000 after buying an additional 76,362 shares in the last quarter.

Green Plains Company Profile

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Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces and sells ethanol, including industrial-grade alcohol, distiller grains, and ultra-high protein and corn oil.