Analysts Expect Renewable Energy Group, Inc. (NASDAQ:REGI) Will Post Quarterly Sales of $514.88 Million


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Equities analysts expect Renewable Energy Group, Inc. (NASDAQ:REGI) to report sales of $514.88 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Renewable Energy Group’s earnings, with estimates ranging from $481.78 million to $570.00 million. Renewable Energy Group reported sales of $511.43 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.7%. The firm is expected to report its next quarterly earnings results on Thursday, March 4th.

On average, analysts expect that Renewable Energy Group will report full-year sales of $2.08 billion for the current fiscal year, with estimates ranging from $1.97 billion to $2.17 billion. For the next year, analysts anticipate that the business will post sales of $2.30 billion, with estimates ranging from $2.11 billion to $2.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Renewable Energy Group.

Renewable Energy Group (NASDAQ:REGI) last posted its earnings results on Thursday, November 5th. The oil and gas company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.08). Renewable Energy Group had a return on equity of 12.04% and a net margin of 21.03%. The firm had revenue of $576.05 million for the quarter, compared to the consensus estimate of $547.41 million.

A number of research analysts have issued reports on the company. Credit Suisse Group reduced their price objective on Renewable Energy Group from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, November 16th. ValuEngine upgraded shares of Renewable Energy Group from a “sell” rating to a “hold” rating in a research report on Friday, December 18th. Truist lifted their price objective on shares of Renewable Energy Group from $75.00 to $105.00 in a research report on Wednesday. Wolfe Research began coverage on shares of Renewable Energy Group in a research note on Wednesday, October 21st. They issued an “outperform” rating on the stock. Finally, BidaskClub upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 22nd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Renewable Energy Group has a consensus rating of “Buy” and a consensus target price of $76.71.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in Renewable Energy Group in the 3rd quarter worth approximately $36,000. CWM LLC bought a new position in shares of Renewable Energy Group in the third quarter worth $40,000. Atticus Wealth Management LLC purchased a new position in shares of Renewable Energy Group in the third quarter valued at $43,000. IFP Advisors Inc bought a new stake in shares of Renewable Energy Group during the 3rd quarter valued at $43,000. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Renewable Energy Group by 135.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,095 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 629 shares during the period. 98.06% of the stock is currently owned by institutional investors.

Shares of REGI opened at $85.21 on Thursday. The stock has a 50 day moving average of $69.85 and a 200 day moving average of $49.71. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 6.64 and a beta of 1.17. Renewable Energy Group has a 12 month low of $16.05 and a 12 month high of $93.13. The company has a current ratio of 2.91, a quick ratio of 2.33 and a debt-to-equity ratio of 0.01.

Renewable Energy Group Company Profile

Renewable Energy Group, Inc provides lower carbon transportation fuels in the United States and internationally. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.

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Earnings History and Estimates for Renewable Energy Group (NASDAQ:REGI)

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