-$0.57 EPS Expected for Renewable Energy Group Inc (NASDAQ:REGI) This Quarter
Wall Street analysts predict that Renewable Energy Group Inc (NASDAQ:REGI) will report earnings of ($0.57) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Renewable Energy Group’s earnings, with estimates ranging from ($0.62) to ($0.54). Renewable Energy Group reported earnings per share of $0.78 in the same quarter last year, which suggests a negative year over year growth rate of 173.1%. The company is scheduled to announce its next quarterly earnings report on Monday, August 5th.
According to Zacks, analysts expect that Renewable Energy Group will report full year earnings of $0.21 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $2.29 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Renewable Energy Group.
Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported ($1.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.41). Renewable Energy Group had a net margin of 1.52% and a return on equity of 6.23%. The firm had revenue of $478.21 million during the quarter, compared to the consensus estimate of $480.79 million.
Shares of REGI stock traded up $0.21 during trading hours on Friday, reaching $15.55. The stock had a trading volume of 13,075 shares, compared to its average volume of 614,628. The stock has a fifty day simple moving average of $15.33. The company has a quick ratio of 0.72, a current ratio of 1.27 and a debt-to-equity ratio of 0.09. Renewable Energy Group has a 12 month low of $13.40 and a 12 month high of $32.52. The firm has a market capitalization of $573.30 million, a price-to-earnings ratio of 2.29 and a beta of 1.21.
In related news, VP Gary Haer sold 19,675 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $16.28, for a total value of $320,309.00. Following the sale, the vice president now directly owns 29,185 shares of the company’s stock, valued at $475,131.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter John Martin Harding bought 2,500 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of $16.72 per share, for a total transaction of $41,800.00. Following the completion of the purchase, the director now directly owns 108,654 shares of the company’s stock, valued at $1,816,694.88. The disclosure for this purchase can be found here. Insiders sold 41,354 shares of company stock worth $675,434 over the last ninety days. 3.01% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in REGI. Royce & Associates LP purchased a new position in shares of Renewable Energy Group during the first quarter worth approximately $38,000. Advisory Services Network LLC purchased a new position in shares of Renewable Energy Group during the fourth quarter worth approximately $56,000. CoreCommodity Management LLC purchased a new position in shares of Renewable Energy Group during the fourth quarter worth approximately $78,000. Paloma Partners Management Co purchased a new position in shares of Renewable Energy Group during the fourth quarter worth approximately $220,000. Finally, SG Americas Securities LLC raised its stake in shares of Renewable Energy Group by 7.6% during the first quarter. SG Americas Securities LLC now owns 8,657 shares of the oil and gas company’s stock worth $190,000 after acquiring an additional 613 shares in the last quarter.
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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