Wall Street brokerages expect that Renewable Energy Group Inc (NASDAQ:REGI) will post earnings per share (EPS) of ($0.71) for the current quarter, according to Zacks. Two analysts have provided estimates for Renewable Energy Group’s earnings. The lowest EPS estimate is ($0.78) and the highest is ($0.64). Renewable Energy Group posted earnings of $0.12 per share in the same quarter last year, which would suggest a negative year over year growth rate of 691.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, May 2nd.
On average, analysts expect that Renewable Energy Group will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.82 to $1.09. For the next year, analysts expect that the company will report earnings of $2.18 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Renewable Energy Group.
Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings results on Tuesday, March 5th. The oil and gas company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.46. The business had revenue of $519.76 million during the quarter, compared to the consensus estimate of $572.60 million. Renewable Energy Group had a return on equity of 38.56% and a net margin of 11.97%.
REGI has been the subject of a number of research reports. Zacks Investment Research upgraded Renewable Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. BidaskClub upgraded Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 2nd. Finally, Piper Jaffray Companies initiated coverage on Renewable Energy Group in a research note on Thursday, April 4th. They issued an “overweight” rating and a $35.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. Renewable Energy Group currently has a consensus rating of “Buy” and a consensus price target of $31.00.
In other Renewable Energy Group news, Director Delbert Christensen bought 1,750 shares of the business’s stock in a transaction on Friday, March 8th. The shares were purchased at an average price of $23.01 per share, with a total value of $40,267.50. Following the completion of the acquisition, the director now directly owns 76,191 shares of the company’s stock, valued at approximately $1,753,154.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.01% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its holdings in shares of Renewable Energy Group by 3.5% during the third quarter. Federated Investors Inc. PA now owns 11,528 shares of the oil and gas company’s stock valued at $332,000 after buying an additional 389 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Renewable Energy Group by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 25,988 shares of the oil and gas company’s stock valued at $668,000 after buying an additional 571 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Renewable Energy Group by 193.9% during the fourth quarter. IFP Advisors Inc now owns 1,061 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 700 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Renewable Energy Group by 1.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,671 shares of the oil and gas company’s stock valued at $1,199,000 after buying an additional 778 shares during the last quarter. Finally, Texas Permanent School Fund raised its holdings in shares of Renewable Energy Group by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 24,409 shares of the oil and gas company’s stock valued at $627,000 after buying an additional 965 shares during the last quarter.
NASDAQ:REGI opened at $23.22 on Friday. The stock has a market capitalization of $865.14 million, a P/E ratio of 3.42 and a beta of 0.92. Renewable Energy Group has a one year low of $12.50 and a one year high of $32.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.01.
Renewable Energy Group Company Profile
Renewable Energy Group, Inc produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments.
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