Equities analysts predict that Pacific Ethanol Inc (NASDAQ:PEIX) will post $434.65 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Pacific Ethanol’s earnings, with estimates ranging from $417.30 million to $456.90 million. Pacific Ethanol posted sales of $405.20 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The firm is scheduled to announce its next earnings results on Wednesday, August 1st.
On average, analysts expect that Pacific Ethanol will report full-year sales of $1.73 billion for the current year, with estimates ranging from $1.70 billion to $1.76 billion. For the next year, analysts forecast that the firm will report sales of $1.83 billion per share, with estimates ranging from $1.78 billion to $1.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Pacific Ethanol.
Pacific Ethanol (NASDAQ:PEIX) last released its earnings results on Friday, May 11th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.10. Pacific Ethanol had a negative net margin of 1.83% and a negative return on equity of 7.78%. The firm had revenue of $400.03 million during the quarter, compared to the consensus estimate of $411.18 million.
Pacific Ethanol traded down $0.18, reaching $2.90, during trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 392,031 shares, compared to its average volume of 425,392. Pacific Ethanol has a 12-month low of $2.75 and a 12-month high of $7.50. The company has a market cap of $127.05 million, a price-to-earnings ratio of -3.61 and a beta of 2.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.51 and a current ratio of 2.24.
Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Pacific Ethanol in the fourth quarter valued at approximately $126,000. Chicago Equity Partners LLC acquired a new position in Pacific Ethanol during the fourth quarter valued at approximately $321,000. California Public Employees Retirement System lifted its position in Pacific Ethanol by 24.0% during the first quarter. California Public Employees Retirement System now owns 114,573 shares of the oil and gas company’s stock valued at $344,000 after buying an additional 22,179 shares in the last quarter. Deutsche Bank AG lifted its position in Pacific Ethanol by 135.9% during the fourth quarter. Deutsche Bank AG now owns 98,097 shares of the oil and gas company’s stock valued at $445,000 after buying an additional 56,512 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Pacific Ethanol by 28.8% during the fourth quarter. Macquarie Group Ltd. now owns 99,725 shares of the oil and gas company’s stock valued at $454,000 after buying an additional 22,300 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.
Pacific Ethanol Company Profile
Pacific Ethanol, Inc produces and markets low-carbon renewable fuels in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; specialty alcohols; and co-products, such as wet distillers grains, dry distillers grains with solubles, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast, and CO2, as well as markets ethanol produced by third parties.
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