Vertex Energy Inc (VTNR) Expected to Post Quarterly Sales of $40.10 Million
Wall Street brokerages predict that Vertex Energy Inc (NASDAQ:VTNR) will post sales of $40.10 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Vertex Energy’s earnings, with the highest sales estimate coming in at $41.00 million and the lowest estimate coming in at $39.20 million. Vertex Energy posted sales of $32.47 million during the same quarter last year, which would indicate a positive year over year growth rate of 23.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Vertex Energy will report full-year sales of $170.55 million for the current year, with estimates ranging from $166.10 million to $175.00 million. For the next year, analysts expect that the firm will report sales of $179.15 million per share, with estimates ranging from $174.50 million to $183.80 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Vertex Energy.
Vertex Energy (NASDAQ:VTNR) last released its earnings results on Thursday, August 9th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.08. The firm had revenue of $46.92 million for the quarter, compared to analysts’ expectations of $42.45 million. Vertex Energy had a negative return on equity of 7.93% and a negative net margin of 1.91%.
Shares of NASDAQ:VTNR traded up $0.15 during midday trading on Tuesday, hitting $1.70. 155,905 shares of the stock were exchanged, compared to its average volume of 390,379. The stock has a market cap of $50.09 million, a P/E ratio of -4.72 and a beta of 1.12. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. Vertex Energy has a 12 month low of $0.70 and a 12 month high of $1.86.
A hedge fund recently bought a new stake in Vertex Energy stock. Ardsley Advisory Partners purchased a new position in shares of Vertex Energy Inc (NASDAQ:VTNR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 165,413 shares of the industrial products company’s stock, valued at approximately $175,000. Ardsley Advisory Partners owned about 0.47% of Vertex Energy at the end of the most recent quarter. Hedge funds and other institutional investors own 11.77% of the company’s stock.
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 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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