Green Plains (NASDAQ:GPRE) Releases Earnings Results, Misses Estimates By $0.64 EPS

Green Plains (NASDAQ:GPRE - Get Free Report) announced its earnings results on Friday. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.64), Zacks reports. Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same period in the prior year, the business posted $0.13 EPS.

Green Plains Price Performance

NASDAQ:GPRE traded down $0.31 during mid-day trading on Tuesday, reaching $6.20. The stock had a trading volume of 2,690,614 shares, compared to its average volume of 1,665,923. The stock has a 50-day simple moving average of $9.57 and a two-hundred day simple moving average of $11.77. The stock has a market capitalization of $400.83 million, a PE ratio of -16.32, a P/E/G ratio of 3.69 and a beta of 1.44. Green Plains has a 12 month low of $6.10 and a 12 month high of $24.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their target price on Green Plains from $25.00 to $18.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. BMO Capital Markets dropped their price objective on shares of Green Plains from $13.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday. StockNews.com lowered shares of Green Plains from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Stephens upgraded shares of Green Plains to a "hold" rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Green Plains currently has a consensus rating of "Hold" and an average price target of $23.31.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.