$34.97 Million in Sales Expected for Vertex Energy Inc (VTNR) This Quarter
Analysts expect Vertex Energy Inc (NASDAQ:VTNR) to report $34.97 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Vertex Energy’s earnings, with the lowest sales estimate coming in at $33.90 million and the highest estimate coming in at $35.80 million. Vertex Energy posted sales of $31.06 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The business is scheduled to announce its next earnings report on Wednesday, March 14th.
On average, analysts expect that Vertex Energy will report full-year sales of $34.97 million for the current year, with estimates ranging from $138.00 million to $139.90 million. For the next fiscal year, analysts anticipate that the company will post sales of $148.03 million per share, with estimates ranging from $145.00 million to $150.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Vertex Energy.
Several analysts have commented on VTNR shares. ValuEngine cut shares of Vertex Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of Vertex Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Roth Capital set a $1.00 target price on shares of Vertex Energy and gave the company a “hold” rating in a research report on Wednesday, August 23rd.
Shares of Vertex Energy (NASDAQ VTNR) opened at $0.86 on Monday. Vertex Energy has a 1 year low of $0.65 and a 1 year high of $1.80. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44.
About Vertex Energy
Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.
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