Equities analysts expect Pacific Ethanol Inc (NASDAQ:PEIX) to report sales of $387.87 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Pacific Ethanol’s earnings, with estimates ranging from $383.20 million to $392.54 million. Pacific Ethanol reported sales of $400.03 million during the same quarter last year, which would suggest a negative year over year growth rate of 3%. The firm is expected to report its next quarterly earnings results on Tuesday, May 14th.

On average, analysts expect that Pacific Ethanol will report full-year sales of $1.59 billion for the current fiscal year, with estimates ranging from $1.56 billion to $1.61 billion. For the next year, analysts anticipate that the business will post sales of $1.68 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Pacific Ethanol.

Pacific Ethanol (NASDAQ:PEIX) last released its quarterly earnings data on Tuesday, March 12th. The oil and gas company reported ($0.74) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.41). Pacific Ethanol had a negative net margin of 4.00% and a negative return on equity of 16.73%. The business had revenue of $334.42 million for the quarter, compared to the consensus estimate of $386.56 million.

Several research firms have commented on PEIX. ValuEngine upgraded shares of Pacific Ethanol from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered shares of Pacific Ethanol from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Roth Capital lowered shares of Pacific Ethanol from a “buy” rating to a “neutral” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Pacific Ethanol has a consensus rating of “Hold” and an average target price of $5.33.

PEIX stock opened at $1.20 on Wednesday. Pacific Ethanol has a 52 week low of $0.76 and a 52 week high of $3.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.94 and a quick ratio of 1.39. The firm has a market cap of $54.86 million, a price-to-earnings ratio of -0.85 and a beta of 2.35.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Pacific Ethanol by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,392,150 shares of the oil and gas company’s stock worth $6,445,000 after acquiring an additional 47,444 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Pacific Ethanol by 36.8% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 927,129 shares of the oil and gas company’s stock worth $1,762,000 after acquiring an additional 249,300 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of Pacific Ethanol in the 3rd quarter worth about $1,204,000. Renaissance Technologies LLC lifted its holdings in shares of Pacific Ethanol by 160.1% in the 3rd quarter. Renaissance Technologies LLC now owns 475,000 shares of the oil and gas company’s stock worth $903,000 after acquiring an additional 292,400 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Pacific Ethanol by 4.2% in the 4th quarter. Advisor Group Inc. now owns 406,355 shares of the oil and gas company’s stock worth $350,000 after acquiring an additional 16,197 shares during the last quarter. Hedge funds and other institutional investors own 48.51% of the company’s stock.

Pacific Ethanol Company Profile

Pacific Ethanol, Inc produces and markets low-carbon renewable fuels in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; specialty alcohols; and co-products, such as wet distillers grains, dry distillers grains with solubles, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast, and CO2, as well as markets ethanol produced by third parties.

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