Analysts expect that Green Plains Partners LP (NASDAQ:GPP) will report earnings per share of $0.46 for the current quarter, according to Zacks. Two analysts have made estimates for Green Plains Partners’ earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.45. Green Plains Partners posted earnings per share of $0.44 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The business is scheduled to announce its next earnings results on Wednesday, November 6th.
On average, analysts expect that Green Plains Partners will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.80 to $1.81. For the next financial year, analysts expect that the firm will post earnings of $1.87 per share, with EPS estimates ranging from $1.83 to $1.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Green Plains Partners.
Green Plains Partners (NASDAQ:GPP) last announced its quarterly earnings data on Monday, August 5th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The firm had revenue of $20.83 million for the quarter, compared to the consensus estimate of $21.27 million. Green Plains Partners had a net margin of 54.48% and a negative return on equity of 65.23%.
GPP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Green Plains Partners from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Saturday, August 10th. BidaskClub downgraded shares of Green Plains Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Stifel Nicolaus set a $14.00 price objective on shares of Green Plains Partners and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, ValuEngine downgraded shares of Green Plains Partners from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.00.
Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Green Plains Partners by 9.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 50,934 shares of the transportation company’s stock valued at $807,000 after purchasing an additional 4,479 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of Green Plains Partners by 12.0% in the 1st quarter. Sigma Planning Corp now owns 41,675 shares of the transportation company’s stock valued at $660,000 after purchasing an additional 4,454 shares in the last quarter. Nwam LLC boosted its stake in shares of Green Plains Partners by 9.4% in the 1st quarter. Nwam LLC now owns 25,280 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 2,180 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in shares of Green Plains Partners in the 2nd quarter valued at approximately $3,992,000. Finally, LPL Financial LLC boosted its stake in shares of Green Plains Partners by 5.3% in the 2nd quarter. LPL Financial LLC now owns 48,977 shares of the transportation company’s stock valued at $686,000 after purchasing an additional 2,444 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.
Green Plains Partners stock traded down $0.17 during trading hours on Monday, reaching $13.22. 47,496 shares of the stock were exchanged, compared to its average volume of 35,802. The company has a market cap of $306.18 million, a P/E ratio of 8.31 and a beta of 0.50. Green Plains Partners has a twelve month low of $12.53 and a twelve month high of $16.47. The stock has a 50 day moving average of $13.82 and a two-hundred day moving average of $14.84.
The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were paid a $0.475 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.90 dividend on an annualized basis and a dividend yield of 14.37%. Green Plains Partners’s payout ratio is currently 119.50%.
About Green Plains Partners
Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land.
Featured Story: What is Call Option Volume?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Green Plains Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Plains Partners and related companies with MarketBeat.com's FREE daily email newsletter.