Analysts forecast that Green Plains Partners LP (NASDAQ:GPP) will announce sales of $28.28 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Green Plains Partners’ earnings, with the highest sales estimate coming in at $30.50 million and the lowest estimate coming in at $27.30 million. Green Plains Partners posted sales of $27.23 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The business is expected to announce its next quarterly earnings results on Monday, May 7th.
On average, analysts expect that Green Plains Partners will report full-year sales of $28.28 million for the current financial year, with estimates ranging from $111.50 million to $127.10 million. For the next year, analysts anticipate that the firm will report sales of $117.26 million per share, with estimates ranging from $112.80 million to $121.72 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. Green Plains Partners had a net margin of 55.02% and a negative return on equity of 92.54%. The company had revenue of $28.25 million during the quarter, compared to the consensus estimate of $28.22 million. During the same quarter in the prior year, the firm posted $0.50 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis.
In other Green Plains Partners news, EVP Michelle Mapes sold 2,692 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $19.10, for a total value of $51,417.20. Following the completion of the transaction, the executive vice president now directly owns 33,148 shares in the company, valued at approximately $633,126.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Tourbillon Capital Partners, L sold 1,209,043 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $16.02, for a total transaction of $19,368,868.86. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Stifel Financial Corp acquired a new stake in shares of Green Plains Partners during the third quarter worth $250,000. Virtu Financial LLC acquired a new stake in shares of Green Plains Partners during the fourth quarter worth $312,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Green Plains Partners during the second quarter worth $327,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Green Plains Partners by 67.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 22,776 shares of the transportation company’s stock worth $426,000 after buying an additional 9,141 shares during the period. Finally, Sigma Planning Corp increased its position in shares of Green Plains Partners by 12.8% during the third quarter. Sigma Planning Corp now owns 30,335 shares of the transportation company’s stock worth $610,000 after buying an additional 3,449 shares during the period. Hedge funds and other institutional investors own 44.36% of the company’s stock.
Shares of Green Plains Partners (NASDAQ GPP) opened at $18.00 on Monday. Green Plains Partners has a twelve month low of $16.50 and a twelve month high of $21.00. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of -2.15. The firm has a market cap of $286.60, a P/E ratio of 9.94, a PEG ratio of 0.60 and a beta of 0.74.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, February 2nd were paid a $0.47 dividend. This is an increase from Green Plains Partners’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, February 1st. This represents a $1.88 annualized dividend and a yield of 10.44%. Green Plains Partners’s dividend payout ratio is presently 103.87%.
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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