Pacific Ethanol (PEIX) to Release Earnings on Wednesday

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Pacific Ethanol (NASDAQ:PEIX) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 31st. Analysts expect Pacific Ethanol to post earnings of ($0.13) per share for the quarter.

Pacific Ethanol (NASDAQ:PEIX) last released its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.12). The company had revenue of $410.52 million during the quarter, compared to the consensus estimate of $434.65 million. Pacific Ethanol had a negative net margin of 2.09% and a negative return on equity of 9.12%. On average, analysts expect Pacific Ethanol to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Pacific Ethanol stock traded up $0.06 during trading hours on Tuesday, hitting $1.48. The company had a trading volume of 5,400 shares, compared to its average volume of 2,260,103. The stock has a market cap of $68.33 million, a P/E ratio of -1.74 and a beta of 1.87. The company has a quick ratio of 1.54, a current ratio of 2.21 and a debt-to-equity ratio of 0.66. Pacific Ethanol has a one year low of $1.40 and a one year high of $5.09.

Several research analysts have weighed in on the stock. ValuEngine cut shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. HC Wainwright reissued a “buy” rating on shares of Pacific Ethanol in a report on Monday, July 16th. Zacks Investment Research cut shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Finally, B. Riley set a $7.00 price target on shares of Pacific Ethanol and gave the company a “buy” rating in a report on Sunday, August 12th.

Pacific Ethanol Company Profile

Pacific Ethanol, Inc produces and markets low-carbon renewable fuels in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; specialty alcohols; and co-products, such as wet distillers grains, dry distillers grains with solubles, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast, and CO2, as well as markets ethanol produced by third parties.

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Earnings History for Pacific Ethanol (NASDAQ:PEIX)

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