Wall Street brokerages expect Renewable Energy Group Inc (NASDAQ:REGI) to post $577.12 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Renewable Energy Group’s earnings, with the highest sales estimate coming in at $641.70 million and the lowest estimate coming in at $541.65 million. Renewable Energy Group reported sales of $519.76 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11%. The firm is expected to issue its next quarterly earnings report on Tuesday, March 3rd.
On average, analysts expect that Renewable Energy Group will report full-year sales of $2.21 billion for the current fiscal year, with estimates ranging from $2.16 billion to $2.30 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.32 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Renewable Energy Group.
Renewable Energy Group (NASDAQ:REGI) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported ($1.51) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.92). Renewable Energy Group had a negative return on equity of 5.90% and a negative net margin of 2.88%. The firm had revenue of $560.64 million during the quarter, compared to analyst estimates of $572.93 million.
Several research analysts have commented on REGI shares. Zacks Investment Research upgraded shares of Renewable Energy Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. BidaskClub upgraded shares of Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. BWS Financial reiterated a “buy” rating on shares of Renewable Energy Group in a report on Friday, September 6th. Finally, ValuEngine cut shares of Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $29.33.
Shares of REGI opened at $17.29 on Thursday. Renewable Energy Group has a one year low of $9.90 and a one year high of $29.61. The company has a 50-day moving average of $15.39 and a two-hundred day moving average of $15.40. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in shares of Renewable Energy Group by 4,539.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 2,860 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Renewable Energy Group by 734.1% during the second quarter. Meeder Asset Management Inc. now owns 10,393 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 9,147 shares during the period. Private Advisors LLC acquired a new stake in shares of Renewable Energy Group during the second quarter worth approximately $174,000. Mason Street Advisors LLC boosted its holdings in shares of Renewable Energy Group by 5.4% during the third quarter. Mason Street Advisors LLC now owns 13,229 shares of the oil and gas company’s stock worth $199,000 after purchasing an additional 672 shares during the period. Finally, Allen Capital Group LLC acquired a new stake in shares of Renewable Energy Group during the third quarter worth approximately $208,000.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
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