$0.46 EPS Expected for Green Plains Partners LP (NASDAQ:GPP) This Quarter

Brokerages expect Green Plains Partners LP (NASDAQ:GPP) to report earnings of $0.46 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Green Plains Partners’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.46. Green Plains Partners posted earnings per share of $0.44 during the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The company is scheduled to report its next earnings report 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 financial year, with EPS estimates ranging from $1.80 to $1.81. For the next fiscal year, analysts expect that the company will report earnings of $1.87 per share, with EPS estimates ranging from $1.83 to $1.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Green Plains Partners.

Green Plains Partners (NASDAQ:GPP) last issued its quarterly earnings data on Monday, August 5th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.12. Green Plains Partners had a negative return on equity of 65.23% and a net margin of 54.48%. The company had revenue of $20.83 million during the quarter, compared to the consensus estimate of $21.27 million.

Several research firms recently commented on GPP. ValuEngine raised Green Plains Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 10th. BidaskClub cut Green Plains Partners from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 12th. Stifel Nicolaus set a $14.00 target price on Green Plains Partners and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research raised Green Plains Partners from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sigma Planning Corp grew its stake in shares of Green Plains Partners by 3.6% in the 2nd quarter. Sigma Planning Corp now owns 43,174 shares of the transportation company’s stock worth $604,000 after buying an additional 1,499 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in Green Plains Partners during the 2nd quarter valued at $3,992,000. 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 worth $686,000 after buying an additional 2,444 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Green Plains Partners by 68,100.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,728 shares of the transportation company’s stock worth $38,000 after buying an additional 2,724 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC purchased a new position in shares of Green Plains Partners in the 3rd quarter worth $157,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

NASDAQ GPP opened at $13.55 on Friday. The business has a 50 day simple moving average of $13.17 and a 200 day simple moving average of $14.13. Green Plains Partners has a one year low of $12.53 and a one year high of $16.47. The stock has a market capitalization of $307.57 million, a P/E ratio of 8.52 and a beta of 0.53.

Green Plains Partners Company Profile

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.

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