Gevo, Inc. (GEVO) to Release Earnings on Monday
Gevo, Inc. (NASDAQ:GEVO) will post its Q3 2017 quarterly earnings results after the market closes on Monday, November 13th. Analysts expect Gevo to post earnings of ($0.68) per share for the quarter.
Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.10. Gevo had a negative return on equity of 43.79% and a negative net margin of 108.84%. The firm had revenue of $7.54 million for the quarter, compared to analyst estimates of $5.63 million. On average, analysts expect Gevo to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Gevo, Inc. (GEVO) opened at $0.69 on Monday. Gevo, Inc. has a 52 week low of $0.53 and a 52 week high of $9.00. The company has a current ratio of 1.45, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20.
An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. grew its holdings in shares of Gevo, Inc. (NASDAQ:GEVO) by 22.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 486,959 shares of the energy company’s stock after purchasing an additional 89,020 shares during the quarter. Vanguard Group Inc. owned approximately 3.23% of Gevo worth $336,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.64% of the company’s stock.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered Gevo from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of Gevo in a research note on Wednesday, October 4th. Finally, ValuEngine lowered Gevo from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd.
Gevo Company Profile
Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.
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