Wall Street brokerages forecast that Vertex Energy (NASDAQ:VTNR) will post earnings of ($0.04) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vertex Energy’s earnings, with estimates ranging from ($0.05) to ($0.03). Vertex Energy posted earnings per share of ($0.08) in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The firm is scheduled to issue its next earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that Vertex Energy will report full-year earnings of ($0.19) per share for the current fiscal year, with EPS estimates ranging from ($0.24) to ($0.13). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Vertex Energy.
Vertex Energy (NASDAQ:VTNR) last announced its earnings results on Tuesday, May 15th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). Vertex Energy had a negative net margin of 4.93% and a negative return on equity of 21.90%. The firm had revenue of $41.37 million for the quarter, compared to analyst estimates of $38.20 million.
A number of equities analysts have recently weighed in on VTNR shares. Zacks Investment Research raised shares of Vertex Energy from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research note on Wednesday, March 14th. ValuEngine raised shares of Vertex Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd.
Shares of NASDAQ VTNR traded up $0.05 during mid-day trading on Friday, reaching $1.04. The company had a trading volume of 91,900 shares, compared to its average volume of 76,445. Vertex Energy has a twelve month low of $0.65 and a twelve month high of $1.50. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $32.76 million, a PE ratio of -2.89 and a beta of 0.89.
A hedge fund recently bought a new stake in Vertex Energy stock. Prescott Group Capital Management L.L.C. bought a new position in shares of Vertex Energy (NASDAQ:VTNR) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 257,681 shares of the industrial products company’s stock, valued at approximately $289,000. Prescott Group Capital Management L.L.C. owned about 0.77% of Vertex Energy at the end of the most recent reporting period. 19.11% of the stock is owned by institutional investors.
About Vertex Energy
Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in 15 states, primarily in the Gulf Coast, Midwest, and Mid-Atlantic regions of the United States. The company operates in three divisions: Black Oil, Refining and Marketing, and Recovery.
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