Analysts expect Green Plains Partners LP (NASDAQ:GPP) to post sales of $28.20 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Green Plains Partners’ earnings, with estimates ranging from $27.30 million to $29.10 million. Green Plains Partners reported sales of $28.29 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Green Plains Partners will report full-year sales of $28.20 million for the current year, with estimates ranging from $106.00 million to $107.80 million. For the next year, analysts expect that the business will post sales of $118.20 million per share, with estimates ranging from $112.00 million to $125.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). Green Plains Partners had a net margin of 55.10% and a negative return on equity of 92.23%. The business had revenue of $26.45 million during the quarter, compared to analyst estimates of $28.36 million. During the same period last year, the firm posted $0.44 earnings per share. Green Plains Partners’s quarterly revenue was up .9% compared to the same quarter last year.
GPP has been the topic of several recent analyst reports. BidaskClub raised Green Plains Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research raised Green Plains Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price target on shares of Green Plains Partners in a research note on Thursday, October 12th. Roth Capital set a $24.00 price target on Green Plains Partners and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Robert W. Baird reissued a “buy” rating and issued a $24.00 price target on shares of Green Plains Partners in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Green Plains Partners currently has a consensus rating of “Hold” and a consensus price target of $21.80.
Shares of Green Plains Partners (NASDAQ:GPP) remained flat at $$17.90 on Wednesday. 113,164 shares of the company were exchanged, compared to its average volume of 55,373. Green Plains Partners has a fifty-two week low of $16.50 and a fifty-two week high of $21.15. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of -2.13. The stock has a market capitalization of $572.61 and a price-to-earnings ratio of 9.68.
In other news, Director Clayton E. Killinger bought 2,850 shares of the stock in a transaction dated Monday, December 18th. The shares were bought at an average cost of $17.48 per share, with a total value of $49,818.00. Following the completion of the transaction, the director now directly owns 27,987 shares of the company’s stock, valued at $489,212.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $16.02, for a total value of $19,368,868.86. The disclosure for this sale can be found here.
Several large investors have recently modified their holdings of GPP. Acrospire Investment Management LLC raised its position in shares of Green Plains Partners by 54.7% during the second quarter. Acrospire Investment Management LLC now owns 6,370 shares of the transportation company’s stock worth $119,000 after purchasing an additional 2,252 shares during the period. WealthPLAN Partners LLC acquired a new position in shares of Green Plains Partners during the second quarter worth approximately $210,000. Stifel Financial Corp purchased a new stake in Green Plains Partners in the 3rd quarter valued at $250,000. Arrowstreet Capital Limited Partnership purchased a new stake in Green Plains Partners in the 2nd quarter valued at $327,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in Green Plains Partners by 67.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,776 shares of the transportation company’s stock valued at $426,000 after buying an additional 9,141 shares during the last quarter. 44.24% of the stock is currently owned by institutional investors.
Green Plains Partners Company Profile
Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).
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