Analysts Expect Renewable Energy Group Inc (NASDAQ:REGI) Will Announce Quarterly Sales of $553.22 Million

Equities analysts predict that Renewable Energy Group Inc (NASDAQ:REGI) will post sales of $553.22 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Renewable Energy Group’s earnings. The highest sales estimate is $570.00 million and the lowest is $541.65 million. Renewable Energy Group posted sales of $519.76 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The firm is scheduled to announce its next earnings results on Tuesday, March 3rd.

According to Zacks, analysts expect that Renewable Energy Group will report full year sales of $2.18 billion for the current year, with estimates ranging from $2.16 billion to $2.19 billion. For the next year, analysts anticipate that the company will post sales of $2.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Renewable Energy Group.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Renewable Energy Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 9th. BidaskClub raised Renewable Energy Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. BWS Financial reissued a “buy” rating on shares of Renewable Energy Group in a research report on Friday, September 6th. Finally, ValuEngine downgraded Renewable Energy Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $29.33.

Renewable Energy Group stock traded up $0.03 during mid-day trading on Thursday, hitting $17.02. 449,100 shares of the company’s stock were exchanged, compared to its average volume of 691,694. Renewable Energy Group has a 1-year low of $9.90 and a 1-year high of $29.61. The stock has a market cap of $669.69 million, a P/E ratio of 2.51 and a beta of 1.20. The stock has a 50 day moving average of $15.49 and a two-hundred day moving average of $15.34. The company has a current ratio of 1.14, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05.

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A number of institutional investors and hedge funds have recently made changes to their positions in REGI. Tower Research Capital LLC TRC raised its stake in shares of Renewable Energy Group by 4,539.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,923 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 2,860 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Renewable Energy Group by 734.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 10,393 shares of the oil and gas company’s stock valued at $165,000 after acquiring an additional 9,147 shares in the last quarter. Private Advisors LLC bought a new stake in Renewable Energy Group in the 2nd quarter valued at $174,000. Mason Street Advisors LLC lifted its position in Renewable Energy Group by 5.4% in the 3rd quarter. Mason Street Advisors LLC now owns 13,229 shares of the oil and gas company’s stock valued at $199,000 after acquiring an additional 672 shares in the last quarter. Finally, Allen Capital Group LLC bought a new stake in Renewable Energy Group in the 3rd quarter valued at $208,000.

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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Earnings History and Estimates for Renewable Energy Group (NASDAQ:REGI)

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