Green Plains Partners LP (NASDAQ:GPP) will release its earnings data after the market closes on Monday, July 31st. Analysts expect Green Plains Partners to post earnings of $0.50 per share for the quarter.
Green Plains Partners (NASDAQ:GPP) last released its earnings results on Monday, May 1st. The transportation company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Green Plains Partners had a net margin of 55.59% and a negative return on equity of 129.01%. The business had revenue of $27.20 million for the quarter, compared to the consensus estimate of $29.48 million. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts expect Green Plains Partners to post $1.990 EPS for the current fiscal year and $2.090 EPS for the next fiscal year.
Green Plains Partners LP (NASDAQ:GPP) opened at 20.625 on Friday. The company’s 50 day moving average is $18.98 and its 200 day moving average is $19.59. The company has a market cap of $655.88 million, a price-to-earnings ratio of 11.228 and a beta of 0.94. Green Plains Partners LP has a 12-month low of $16.61 and a 12-month high of $21.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, August 4th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a boost from Green Plains Partners’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.73%. Green Plains Partners’s dividend payout ratio is presently 96.17%.
Several brokerages have issued reports on GPP. Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 target price on shares of Green Plains Partners in a report on Tuesday, June 6th. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 target price on shares of Green Plains Partners in a report on Friday. Zacks Investment Research upgraded shares of Green Plains Partners from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, May 3rd. Finally, ValuEngine cut shares of Green Plains Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $21.50.
About Green Plains Partners
Green Plains Partners LP provides fuel storage and transportation services. The Company owns, operates, develops and acquires ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The Company’s parent company is Green Plains Inc (Green Plains).
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