Zacks: Brokerages Expect Vertex Energy Inc (VTNR) Will Announce Earnings of -$0.04 Per Share

Equities research analysts expect Vertex Energy Inc (NASDAQ:VTNR) to post earnings per share of ($0.04) for the current quarter, Zacks reports. Two analysts have made estimates for Vertex Energy’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.01). Vertex Energy reported earnings per share of ($0.12) in the same quarter last year, which suggests a positive year-over-year growth rate of 66.7%. The company is expected to announce its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Vertex Energy will report full-year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.28) to ($0.08). For the next year, analysts forecast that the business will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.15) to ($0.06). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Vertex Energy.

Vertex Energy (NASDAQ:VTNR) last issued its earnings results on Thursday, August 9th. The industrial products company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.08. Vertex Energy had a negative net margin of 1.91% and a negative return on equity of 7.93%. The firm had revenue of $46.92 million during the quarter, compared to the consensus estimate of $42.45 million.

Several equities research analysts have commented on VTNR shares. Zacks Investment Research raised shares of Vertex Energy from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research note on Thursday, August 16th. Roth Capital reaffirmed a “neutral” rating on shares of Vertex Energy in a research note on Thursday.

An institutional investor recently bought a new position in Vertex Energy stock. Ardsley Advisory Partners acquired a new position in shares of Vertex Energy Inc (NASDAQ:VTNR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 165,413 shares of the industrial products company’s stock, valued at approximately $175,000. Ardsley Advisory Partners owned approximately 0.47% of Vertex Energy as of its most recent SEC filing. Institutional investors and hedge funds own 11.78% of the company’s stock.

NASDAQ:VTNR traded up $0.13 during trading hours on Friday, hitting $1.56. The stock had a trading volume of 457,979 shares, compared to its average volume of 128,604. Vertex Energy has a one year low of $0.68 and a one year high of $1.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 1.38. The company has a market capitalization of $47.98 million, a PE ratio of -4.33 and a beta of 1.12.

Vertex Energy Company Profile

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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