Equities research analysts expect Pacific Ethanol Inc (NASDAQ:PEIX) to announce earnings per share (EPS) of ($0.07) for the current quarter, Zacks reports. Two analysts have provided estimates for Pacific Ethanol’s earnings, with estimates ranging from ($0.09) to ($0.05). Pacific Ethanol reported earnings of ($0.19) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 63.2%. The business is scheduled to announce its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Pacific Ethanol will report full year earnings of $0.03 per share for the current financial year, with EPS estimates ranging from ($0.10) to $0.15. For the next financial year, analysts forecast that the business will report earnings of $0.08 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Pacific Ethanol.

Pacific Ethanol (NASDAQ:PEIX) last posted its earnings results on Tuesday, March 12th. The oil and gas company reported ($0.74) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.41). Pacific Ethanol had a negative net margin of 4.00% and a negative return on equity of 17.24%. The business had revenue of $334.42 million for the quarter, compared to analyst estimates of $386.56 million.

Several research analysts have recently weighed in on PEIX shares. ValuEngine upgraded Pacific Ethanol from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Roth Capital lowered shares of Pacific Ethanol from a “buy” rating to a “neutral” rating in a research report on Thursday, March 14th. Finally, Zacks Investment Research lowered shares of Pacific Ethanol from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.33.

Shares of Pacific Ethanol stock traded down $0.09 on Wednesday, hitting $1.08. 2,905 shares of the company were exchanged, compared to its average volume of 448,931. The stock has a market cap of $57.20 million, a P/E ratio of -0.77 and a beta of 2.32. Pacific Ethanol has a 1-year low of $0.76 and a 1-year high of $3.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.48.

Several large investors have recently bought and sold shares of the business. California Public Employees Retirement System grew its stake in shares of Pacific Ethanol by 32.2% during the fourth quarter. California Public Employees Retirement System now owns 189,775 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 46,240 shares in the last quarter. United Services Automobile Association boosted its stake in Pacific Ethanol by 7.4% in the fourth quarter. United Services Automobile Association now owns 197,761 shares of the oil and gas company’s stock valued at $170,000 after acquiring an additional 13,700 shares in the last quarter. Norges Bank acquired a new position in Pacific Ethanol in the fourth quarter valued at $191,000. Geode Capital Management LLC raised its holdings in shares of Pacific Ethanol by 41.9% in the fourth quarter. Geode Capital Management LLC now owns 329,332 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 97,240 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Pacific Ethanol by 109.7% in the fourth quarter. Acadian Asset Management LLC now owns 350,742 shares of the oil and gas company’s stock valued at $302,000 after buying an additional 183,454 shares during the last quarter. Institutional investors and hedge funds own 45.81% of the company’s stock.

Pacific Ethanol Company Profile

Pacific Ethanol, Inc produces and markets low-carbon renewable fuels in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; specialty alcohols; and co-products, such as wet distillers grains, dry distillers grains with solubles, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, distillers yeast, and CO2, as well as markets ethanol produced by third parties.

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