Analysts expect Green Plains Partners LP (NASDAQ:GPP) to announce sales of $20.85 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Green Plains Partners’ earnings. The lowest sales estimate is $20.80 million and the highest is $20.90 million. Green Plains Partners reported sales of $25.77 million during the same quarter last year, which indicates a negative year-over-year growth rate of 19.1%. The firm is scheduled to issue its next earnings results on Wednesday, November 6th.
According to Zacks, analysts expect that Green Plains Partners will report full year sales of $84.06 million for the current fiscal year, with estimates ranging from $83.52 million to $84.60 million. For the next financial year, analysts forecast that the business will post sales of $86.39 million, with estimates ranging from $84.77 million to $88.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings data on Monday, August 5th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.12. Green Plains Partners had a net margin of 54.48% and a negative return on equity of 65.23%. The company had revenue of $20.83 million during the quarter, compared to the consensus estimate of $21.27 million.
Several brokerages have issued reports on GPP. Stifel Nicolaus set a $14.00 price objective on shares of Green Plains Partners and gave the company a “hold” rating in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Green Plains Partners from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Thursday. BidaskClub downgraded shares of Green Plains Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 24th. Finally, ValuEngine downgraded shares of Green Plains Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Green Plains Partners has a consensus rating of “Hold” and an average price target of $16.00.
Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Green Plains Partners by 9.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 50,934 shares of the transportation company’s stock worth $807,000 after buying an additional 4,479 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Green Plains Partners by 68,100.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,728 shares of the transportation company’s stock worth $38,000 after purchasing an additional 2,724 shares during the last quarter. Virtus ETF Advisers LLC bought a new position in Green Plains Partners during the second quarter worth $2,267,000. Sigma Planning Corp lifted its stake in Green Plains Partners by 3.6% during the second quarter. Sigma Planning Corp now owns 43,174 shares of the transportation company’s stock worth $604,000 after purchasing an additional 1,499 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Green Plains Partners by 24.0% during the second quarter. HighTower Advisors LLC now owns 108,587 shares of the transportation company’s stock worth $1,519,000 after purchasing an additional 21,014 shares during the last quarter. 16.03% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:GPP opened at $13.28 on Friday. Green Plains Partners has a 52-week low of $12.53 and a 52-week high of $16.47. The company has a 50 day moving average of $13.13 and a two-hundred day moving average of $14.40. The company has a market capitalization of $305.71 million, a price-to-earnings ratio of 8.35 and a beta of 0.53.
About Green Plains Partners
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 32 ethanol storage facilities and approximately 49 acres of land.
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