Brokerages Anticipate Vertex Energy, Inc. (NASDAQ:VTNR) Will Announce Quarterly Sales of $47.78 Million


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Wall Street brokerages expect Vertex Energy, Inc. (NASDAQ:VTNR) to report $47.78 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Vertex Energy’s earnings. The lowest sales estimate is $47.55 million and the highest is $48.00 million. Vertex Energy reported sales of $36.20 million during the same quarter last year, which indicates a positive year over year growth rate of 32%. The business is expected to announce its next earnings report on Thursday, May 13th.

According to Zacks, analysts expect that Vertex Energy will report full year sales of $193.40 million for the current fiscal year, with estimates ranging from $190.19 million to $196.60 million. For the next fiscal year, analysts forecast that the business will report sales of $206.32 million, with estimates ranging from $205.74 million to $206.90 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Vertex Energy.

Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings results on Monday, March 8th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.05). Vertex Energy had a negative return on equity of 38.49% and a negative net margin of 5.96%. The business had revenue of $40.07 million for the quarter, compared to the consensus estimate of $41.63 million.

A number of brokerages have recently issued reports on VTNR. Stifel Nicolaus cut shares of Vertex Energy from a “buy” rating to a “hold” rating and set a $1.50 target price on the stock. in a report on Tuesday, February 9th. Zacks Investment Research cut shares of Vertex Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 13th.

Several hedge funds have recently modified their holdings of the company. US Bancorp DE bought a new stake in shares of Vertex Energy in the 4th quarter valued at about $290,000. Renaissance Technologies LLC acquired a new position in Vertex Energy in the 4th quarter valued at about $115,000. Finally, Commonwealth Equity Services LLC acquired a new position in Vertex Energy in the 1st quarter valued at about $76,000. 14.65% of the stock is currently owned by institutional investors.

NASDAQ:VTNR traded down $0.02 on Thursday, hitting $1.40. 382,110 shares of the company’s stock were exchanged, compared to its average volume of 2,991,595. The firm has a 50-day moving average price of $1.42 and a 200-day moving average price of $1.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.55 and a quick ratio of 1.37. Vertex Energy has a 52 week low of $0.40 and a 52 week high of $3.14. The company has a market cap of $72.44 million, a P/E ratio of -2.55 and a beta of 2.05.

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 the Gulf Coast and Central Midwest regions of the United States. The company operates in three segments: Black Oil, Refining and Marketing, and Recovery.

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