Analysts Anticipate Vertex Energy Inc (VTNR) Will Post Earnings of -$0.06 Per Share

Equities analysts expect that Vertex Energy Inc (NASDAQ:VTNR) will post earnings of ($0.06) per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Vertex Energy’s earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.06). Vertex Energy reported earnings per share of ($0.19) in the same quarter last year, which would suggest a positive year over year growth rate of 68.4%. The firm is scheduled to issue its next earnings report on Wednesday, March 14th.

According to Zacks, analysts expect that Vertex Energy will report full-year earnings of ($0.38) per share for the current fiscal year, with EPS estimates ranging from ($0.39) to ($0.37). For the next year, analysts anticipate that the company will report earnings of ($0.25) per share, with EPS estimates ranging from ($0.29) to ($0.22). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Vertex Energy.

Vertex Energy (NASDAQ:VTNR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Vertex Energy had a negative net margin of 7.73% and a negative return on equity of 30.22%.

VTNR has been the subject of a number of recent research reports. ValuEngine upgraded shares of Vertex Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of Vertex Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 25th.

Vertex Energy (NASDAQ VTNR) traded up $0.05 during trading on Friday, reaching $1.11. 79,214 shares of the company were exchanged, compared to its average volume of 72,879. Vertex Energy has a fifty-two week low of $0.65 and a fifty-two week high of $1.80. The stock has a market cap of $36.25, a price-to-earnings ratio of -2.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.79.

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About Vertex Energy

Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.

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