Wall Street brokerages expect that Vertex Energy Inc (NASDAQ:VTNR) will announce sales of $34.97 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Vertex Energy’s earnings, with estimates ranging from $33.90 million to $35.80 million. Vertex Energy reported sales of $31.06 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.6%. The business is expected to announce its next earnings results on Wednesday, March 14th.
On average, analysts expect that Vertex Energy will report full-year sales of $34.97 million for the current financial year, with estimates ranging from $138.00 million to $139.90 million. For the next financial year, analysts forecast that the company will report sales of $148.03 million per share, with estimates ranging from $145.00 million to $150.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Vertex Energy.
A number of research analysts recently weighed in on VTNR shares. Zacks Investment Research upgraded shares of Vertex Energy from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. ValuEngine upgraded shares of Vertex Energy from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.
Shares of Vertex Energy (NASDAQ VTNR) traded down $0.01 during mid-day trading on Friday, hitting $0.91. 11,494 shares of the company were exchanged, compared to its average volume of 48,500. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $29.72, a PE ratio of -1.78 and a beta of 0.94. Vertex Energy has a 52-week low of $0.65 and a 52-week high of $1.49.
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Vertex Energy Company Profile
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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