Wall Street analysts forecast that Renewable Energy Group Inc (NASDAQ:REGI) will post $485.55 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Renewable Energy Group’s earnings, with the lowest sales estimate coming in at $483.60 million and the highest estimate coming in at $487.50 million. Renewable Energy Group reported sales of $689.25 million in the same quarter last year, which would suggest a negative year over year growth rate of 29.6%. The business is expected to report its next earnings report after the market closes on Thursday, May 2nd.
According to Zacks, analysts expect that Renewable Energy Group will report full-year sales of $2.28 billion for the current financial year, with estimates ranging from $2.25 billion to $2.30 billion. For the next financial year, analysts expect that the business will post sales of $2.52 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Renewable Energy Group.
Renewable Energy Group (NASDAQ:REGI) last released its quarterly earnings data on Tuesday, March 5th. The oil and gas company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.46. The firm had revenue of $519.76 million during the quarter, compared to the consensus estimate of $572.60 million. Renewable Energy Group had a net margin of 11.97% and a return on equity of 38.56%.
In other news, Director Delbert Christensen acquired 1,750 shares of the business’s stock in a transaction on Friday, March 8th. The shares were acquired at an average cost of $23.01 per share, with a total value of $40,267.50. Following the transaction, the director now owns 76,191 shares in the company, valued at approximately $1,753,154.91. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.01% of the company’s stock.
A number of institutional investors have recently bought and sold shares of REGI. Vanguard Group Inc boosted its position in Renewable Energy Group by 32.2% during the 3rd quarter. Vanguard Group Inc now owns 3,289,677 shares of the oil and gas company’s stock valued at $94,743,000 after acquiring an additional 801,780 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Renewable Energy Group by 32.2% during the third quarter. Vanguard Group Inc. now owns 3,289,677 shares of the oil and gas company’s stock valued at $94,743,000 after purchasing an additional 801,780 shares in the last quarter. Man Group plc raised its stake in shares of Renewable Energy Group by 385.0% during the third quarter. Man Group plc now owns 653,129 shares of the oil and gas company’s stock valued at $18,810,000 after purchasing an additional 518,465 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Renewable Energy Group during the third quarter valued at about $12,133,000. Finally, BlackRock Inc. raised its stake in shares of Renewable Energy Group by 7.7% during the third quarter. BlackRock Inc. now owns 5,656,447 shares of the oil and gas company’s stock valued at $162,906,000 after purchasing an additional 404,478 shares in the last quarter.
Shares of REGI traded up $0.04 during midday trading on Tuesday, hitting $23.06. 270,211 shares of the stock traded hands, compared to its average volume of 503,975. Renewable Energy Group has a 1-year low of $12.50 and a 1-year high of $32.52. The company has a market cap of $861.41 million, a price-to-earnings ratio of 3.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.58.
About Renewable Energy Group
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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