Pacific Ethanol (NASDAQ:PEIX) Releases Quarterly Earnings Results, Misses Estimates By $0.42 EPS

Pacific Ethanol (NASDAQ:PEIX) announced its quarterly earnings data on Thursday. The oil and gas company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.42), RTT News reports. The firm had revenue of $365.16 million for the quarter, compared to the consensus estimate of $359.26 million. Pacific Ethanol had a negative net margin of 4.27% and a negative return on equity of 18.75%. During the same quarter last year, the company posted ($0.18) earnings per share.

Shares of Pacific Ethanol stock traded down $0.04 during trading on Friday, hitting $0.56. 372,600 shares of the stock traded hands, compared to its average volume of 399,476. The stock has a market cap of $28.74 million, a price-to-earnings ratio of -0.39 and a beta of 1.71. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $0.58 and its 200-day moving average is $0.75. Pacific Ethanol has a 52 week low of $0.50 and a 52 week high of $1.80.

In other news, CEO Neil M. Koehler bought 100,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $0.57 per share, for a total transaction of $57,000.00. Following the purchase, the chief executive officer now directly owns 932,985 shares in the company, valued at approximately $531,801.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.48% of the company’s stock.

Separately, HC Wainwright reduced their price objective on Pacific Ethanol from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.

About Pacific Ethanol

Pacific Ethanol, Inc produces and markets low-carbon renewable fuels and alcohol products in the United States. The company operates in two segments, Production and Marketing. It produces and markets ethanol; and co-products, such as wet and dry distillers grains, 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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Earnings History for Pacific Ethanol (NASDAQ:PEIX)

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