Analysts expect Vertex Energy Inc (NASDAQ:VTNR) to announce $42.46 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Vertex Energy’s earnings. The lowest sales estimate is $41.71 million and the highest is $43.20 million. Vertex Energy posted sales of $41.80 million in the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, March 4th.
According to Zacks, analysts expect that Vertex Energy will report full year sales of $163.24 million for the current year, with estimates ranging from $162.48 million to $164.00 million. For the next year, analysts expect that the firm will report sales of $194.88 million, with estimates ranging from $187.86 million to $201.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Vertex Energy.
A number of brokerages have recently issued reports on VTNR. HC Wainwright began coverage on shares of Vertex Energy in a research report on Monday, December 9th. They issued a “buy” rating on the stock. ValuEngine upgraded shares of Vertex Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research restated a “hold” rating and issued a $1.25 price target on shares of Vertex Energy in a research report on Saturday, October 26th.
Shares of NASDAQ VTNR traded down $0.01 during midday trading on Friday, reaching $1.38. The stock had a trading volume of 46,600 shares, compared to its average volume of 134,271. The firm has a market cap of $58.17 million, a price-to-earnings ratio of -4.60 and a beta of 1.75. Vertex Energy has a twelve month low of $0.94 and a twelve month high of $1.95. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.74 and a current ratio of 0.96. The company’s 50 day moving average price is $1.55 and its 200 day moving average price is $1.37.
About Vertex Energy
Vertex Energy, Inc engages in the recycle of industrial waste streams and off-specification commercial chemical products. It focuses on recycling used motor oil and other petroleum by-product streams. The company operates through the following business divisions: Black Oil, Refining & Marketing and Recovery.
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