Green Plains, Inc. (NASDAQ:GPRE) declared a quarterly dividend on Thursday, August 17th, Wall Street Journal reports. Stockholders of record on Monday, August 28th will be paid a dividend of 0.12 per share by the specialty chemicals company on Friday, September 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, August 24th.
Shares of Green Plains (NASDAQ GPRE) opened at 16.90 on Wednesday. The company’s 50 day moving average is $19.15 and its 200-day moving average is $22.12. Green Plains has a 12 month low of $16.60 and a 12 month high of $29.85. The firm has a market cap of $701.08 million, a PE ratio of 98.83 and a beta of 1.42.
Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.29. The business had revenue of $886.30 million for the quarter, compared to the consensus estimate of $986.88 million. Green Plains had a net margin of 0.19% and a return on equity of 0.68%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. Equities research analysts predict that Green Plains will post ($0.21) EPS for the current year.
In related news, insider Todd A. Becker sold 5,600 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $23.29, for a total value of $130,424.00. Following the transaction, the insider now owns 708,088 shares of the company’s stock, valued at $16,491,369.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alain Treuer sold 25,900 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $19.51, for a total value of $505,309.00. Following the completion of the transaction, the director now directly owns 336,008 shares in the company, valued at approximately $6,555,516.08. The disclosure for this sale can be found here. Insiders have sold 85,602 shares of company stock worth $1,875,511 over the last 90 days. 6.40% of the stock is owned by insiders.
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A number of equities analysts recently commented on the company. BMO Capital Markets reissued an “outperform” rating and set a $30.00 price target on shares of Green Plains in a research note on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating and set a $32.00 price objective on shares of Green Plains in a report on Tuesday, May 2nd. Zacks Investment Research upgraded Green Plains from a “strong sell” rating to a “hold” rating and set a $29.00 price target on the stock in a report on Thursday, May 4th. BidaskClub downgraded Green Plains from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $28.00 price objective on shares of Green Plains in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.29.
Green Plains Company Profile
Green Plains Inc is an ethanol producer. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.
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