Renewable Energy Group Inc (REGI) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.02. The company posted revenue of $305.60 million in the period, compared to analysts expectations of $268.12 million. The company’s revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.86 EPS.
Renewable Energy Group Inc closed down -0.13 points or -1.34% at $9.59 with 6,29,825 shares getting traded on Monday. Post opening the session at $9.71, the shares hit an intraday low of $9.41 and an intraday high of $9.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 16, 2016, Gary Haer (VP, Sales and Marketing) sold 3,165 shares at $8.52 per share price. According to the SEC, on Mar 15, 2016, Chad Stone (Chief Financial Officer) purchased 2,000 shares at $8.34 per share price. On Mar 15, 2016, Daniel J Oh (CEO) purchased 1,000 shares at $8.34 per share price, according to the Form-4 filing with the securities and exchange commission.
Renewable Energy Group Inc. is engaged in producing advanced biofuels and renewable chemicals. The Company is involved in various activities related to biomass-based diesel production from acquiring feedstock managing construction and operating biomass-based diesel production facilities to marketing selling and distributing biomass-based diesel and its co-products. The Company operates a network of around nine operational biodiesel plants and one fermentation facility. The Company’s segments include Biomass-based diesel and Services. The Biomass-based diesel segment processes waste vegetable oils animal fats virgin vegetable oils and other feedstocks and methanol into biomass-based diesel. The Services segment offers services for managing the construction of biomass-based diesel production facilities and managing ongoing operations of third party plants.