Analysts Anticipate Vertex Energy Inc (VTNR) to Post -$0.04 EPS

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Equities research analysts expect Vertex Energy Inc (NASDAQ:VTNR) to report ($0.04) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Vertex Energy’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.01). Vertex Energy posted earnings per share of ($0.12) during the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The company is expected to issue its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Vertex Energy will report full-year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.28) to ($0.08). For the next year, analysts forecast that the company will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.15) to ($0.06). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Vertex Energy.

Vertex Energy (NASDAQ:VTNR) last released its quarterly earnings results on Thursday, August 9th. The industrial products company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.08. The company had revenue of $46.92 million for the quarter, compared to analyst estimates of $42.45 million. Vertex Energy had a negative return on equity of 7.93% and a negative net margin of 1.91%.

Separately, Zacks Investment Research raised Vertex Energy from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research report on Thursday, August 16th.

VTNR traded down $0.02 during trading on Thursday, hitting $1.23. 64,900 shares of the stock were exchanged, compared to its average volume of 92,090. The firm has a market cap of $44.83 million, a price-to-earnings ratio of -3.53 and a beta of 1.12. Vertex Energy has a 1-year low of $0.65 and a 1-year high of $1.50. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.53.

An institutional investor recently bought a new position 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 the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 165,413 shares of the industrial products company’s stock, valued at approximately $175,000. Ardsley Advisory Partners owned 0.47% of Vertex Energy as of its most recent SEC filing. 11.78% of the stock is owned by hedge funds and other institutional investors.

Vertex Energy Company Profile

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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