Wall Street analysts predict that Green Plains Partners LP (NASDAQ:GPP) will announce sales of $27.16 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Green Plains Partners’ earnings, with the lowest sales estimate coming in at $26.40 million and the highest estimate coming in at $27.80 million. Green Plains Partners posted sales of $25.07 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The firm is scheduled to report its next earnings results on Monday, July 30th.
On average, analysts expect that Green Plains Partners will report full year sales of $112.09 million for the current fiscal year, with estimates ranging from $110.50 million to $113.20 million. For the next financial year, analysts expect that the firm will report sales of $125.22 million per share, with estimates ranging from $121.07 million to $128.60 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings results on Monday, May 7th. The transportation company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.07). The company had revenue of $25.89 million for the quarter, compared to analysts’ expectations of $27.73 million. Green Plains Partners had a net margin of 54.20% and a negative return on equity of 89.44%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cavalier Investments LLC purchased a new position in Green Plains Partners during the first quarter valued at $213,000. Virtu Financial LLC purchased a new position in shares of Green Plains Partners in the 4th quarter worth $312,000. Stifel Financial Corp grew its stake in shares of Green Plains Partners by 16.5% in the 1st quarter. Stifel Financial Corp now owns 24,899 shares of the transportation company’s stock worth $434,000 after buying an additional 3,526 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Green Plains Partners by 22.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 33,076 shares of the transportation company’s stock worth $619,000 after buying an additional 6,073 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of Green Plains Partners by 48.4% in the 4th quarter. Raymond James & Associates now owns 33,535 shares of the transportation company’s stock worth $627,000 after buying an additional 10,937 shares in the last quarter. 19.12% of the stock is owned by hedge funds and other institutional investors.
GPP traded up $0.15 during midday trading on Tuesday, reaching $17.40. The company’s stock had a trading volume of 11,730 shares, compared to its average volume of 43,372. The stock has a market cap of $548.74 million, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.64 and a beta of 0.68. The company has a debt-to-equity ratio of -2.12, a quick ratio of 1.23 and a current ratio of 1.23. Green Plains Partners has a 1 year low of $15.65 and a 1 year high of $21.00.
Green Plains Partners Company Profile
Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.
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