|Bid||0.00 x 1000|
|Ask||0.00 x 1200|
|Day's Range||11.12 - 11.90|
|52 Week Range||10.91 - 20.45|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.48 (3.85%)|
|1y Target Est||19.50|
Green Plains Inc. (GPRE) today announced the completion of its offering of $105 million aggregate principal amount of 4.00% convertible senior notes due 2024. The notes were offered and sold in a private placement to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended, by the initial purchasers of the notes. The company's estimated net proceeds from the offering were approximately $101 million after deducting the initial purchasers' discounts and commissions and our estimated offering expenses.
The business suspended its dividend. While that's not exactly a surprising move, it highlights the sour financial position of the ethanol leader.
Green Plains Inc. (GPRE) today announced the pricing of its offering of $105 million aggregate principal amount of convertible senior notes due 2024, which was upsized from the previously announced $100 million aggregate principal amount of notes. The notes are to be offered and sold in a private placement to qualified institutional buyers (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”)), by the initial purchasers of the notes. The company has also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $20 million aggregate principal amount of notes. The company expects to use approximately $40 million of the net proceeds from the offering to repurchase approximately 3.2 million shares of common stock concurrently with the offering in privately negotiated transactions.
Green Plains Inc. (GPRE) today announced that its board of directors has decided to suspend its quarterly cash dividend in order to retain and redirect cash flow to the company’s Project 24 opex equalization plan, the deployment of high-protein technology and its stock repurchase program. “As part of our capital allocation plan, we believe suspending our cash dividend enables us to expedite our investments into our Project 24 initiative, which is expected to significantly reduce our ethanol production operating costs, and support deployment of our high-protein feed technology across our production platform,” said Todd Becker, president and chief executive officer. “We intend to immediately deploy capital to repurchase stock pursuant to the remaining availability of approximately $80 million under the $100 million program authorized by the Board of Directors in August 2014,” added Becker.
Green Plains Inc. (GPRE) today announced that it intends to offer $100 million aggregate principal amount of convertible senior notes due 2024 in a private placement to qualified institutional buyers (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”)), subject to market and other conditions. The notes will be convertible into cash, shares of the company’s common stock or a combination of cash and common stock, at the election of the company, when certain conditions are met. The interest rate, conversion rate, offering price and other terms will be determined at the time of pricing of the offering.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Green Plains, Archer Daniels Midland and Bunge
The agency removed the federal restriction on summer sales of E15 ethanol and came up with several structural changes to increase RIN market transparency.
The Insider Monkey team has completed processing the quarterly 13F filings for the March quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
While small-cap stocks, such as Green Plains Inc. (NASDAQ:GPRE) with its market cap of US$516m, are popular for their...
OMAHA, Neb., May 13, 2019 -- Green Plains Inc. (NASDAQ:GPRE) today announced that Todd Becker, president and chief executive officer, is scheduled to present at the BMO Capital.
Guru Donald Smith (Trades, Portfolio), leader of Donald Smith & Co., released his first-quarter portfolio last week, listing three new holdings. Warning! GuruFocus has detected 2 Warning Signs with CPLG. Based on these criteria, Smith established positions in CorePoint Lodging Inc. (CPLG), Diamond S Shipping Inc. (DSSI) and Green Plains Inc. (GPRE) during the quarter.
Is Green Plains Inc. (NASDAQ:GPRE) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to […]
On a per-share basis, the Omaha, Nebraska-based company said it had a loss of $1.06. The ethanol production, marketing and commodities company posted revenue of $642.3 million in the period. Green Plains ...
OMAHA, Neb., May 08, 2019 -- Green Plains Inc. (NASDAQ:GPRE) today announced that its board of directors declared a quarterly cash dividend of $0.12 per share on the company’s.
Results for the First Quarter of 2019: Net loss attributable to the company of $42.8 million, or $(1.06) per diluted shareEBITDA of $(18.7) millionCash, cash equivalents and.
U.S. agricultural commodities trader Bunge Ltd reported a first-quarter profit on Wednesday as higher soy crush margins in the United States, Brazil and Europe lifted results for its agribusiness unit, which the company said it is restructuring. The company announced management changes for the segment, its largest in terms of revenue and volumes, and unveiled a new global operating model, shifting away from a regional structure. The changes come after a string of weak earnings by the 200-year-old company, which has been stung by a global grains glut and slumping commodities prices made worse by a bruising trade war between the United States and China.
Green Plains Inc. (GPRE) today announced that Patrich Simpkins, Chief Development Officer, will take over as Chief Financial Officer of Green Plains and Green Plains Partners LP (GPP) effective May 13, 2019. Mr. Simpkins promotion to Chief Financial Officer comes as current CFO John Neppl, has been appointed Executive Vice President and Chief Financial Officer of Bunge Limited.