Analysts forecast that Renewable Energy Group Inc (NASDAQ:REGI) will announce sales of $485.55 million for the current quarter, Zacks reports. Two analysts have provided estimates for Renewable Energy Group’s earnings. The highest sales estimate is $487.50 million and the lowest is $483.60 million. Renewable Energy Group reported sales of $689.25 million during the same quarter last year, which would suggest a negative year over year growth rate of 29.6%. The firm is expected to report its next earnings results after the market closes on Thursday, May 2nd.

On average, analysts expect that Renewable Energy Group will report full year sales of $2.28 billion for the current fiscal year, with estimates ranging from $2.25 billion to $2.30 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.52 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Renewable Energy Group.

Renewable Energy Group (NASDAQ:REGI) last posted its quarterly earnings results on Tuesday, March 5th. The oil and gas company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.20 by $0.46. Renewable Energy Group had a return on equity of 38.56% and a net margin of 11.97%. The business had revenue of $519.76 million for the quarter, compared to analyst estimates of $572.60 million.

A number of brokerages recently issued reports on REGI. Piper Jaffray Companies began coverage on Renewable Energy Group in a research report on Thursday, April 4th. They set an “overweight” rating and a $35.00 price objective for the company. BidaskClub raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 2nd. Finally, Zacks Investment Research downgraded Renewable Energy Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $31.00.

Shares of NASDAQ:REGI traded down $0.49 during midday trading on Tuesday, reaching $23.17. 356,400 shares of the company’s stock were exchanged, compared to its average volume of 500,351. The company has a current ratio of 1.58, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $883.82 million, a price-to-earnings ratio of 3.42 and a beta of 0.92. Renewable Energy Group has a fifty-two week low of $12.50 and a fifty-two week high of $32.52.

In other Renewable Energy Group news, Director Delbert Christensen acquired 1,750 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased 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 of the company’s stock, valued at $1,753,154.91. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.01% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of REGI. IFP Advisors Inc grew its position in Renewable Energy Group by 193.9% in the 4th quarter. IFP Advisors Inc now owns 1,061 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 700 shares in the last quarter. Pearl River Capital LLC acquired a new position in Renewable Energy Group in the 4th quarter valued at about $38,000. Advisory Services Network LLC acquired a new position in Renewable Energy Group in the 4th quarter valued at about $56,000. CoreCommodity Management LLC acquired a new position in Renewable Energy Group in the 4th quarter valued at about $78,000. Finally, Quantamental Technologies LLC acquired a new position in Renewable Energy Group in the 4th quarter valued at about $164,000.

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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