Renewable Energy Group Inc (REGI) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Renewable Energy Group Inc (REGI) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.16 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.21. The company posted revenue of $558.00 million in the period, compared to analysts expectations of $417.78 million. The company’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Renewable Energy Group Inc opened for trading at $9.45 and hit $9.6 on the upside on Tusday, eventually ending the session at $9.47, with a gain of 0.21% or 0.02 points. The heightened volatility saw the trading volume jump to 4,01,851 shares. Company has a market cap of $414 M.

In a different news, on May 16, 2016, Michael A Jackson (director) sold 8,269 shares at $9.25 per share price. According to the SEC, on Mar 16, 2016, Gary Haer (VP, Sales and Marketing) sold 3,165 shares at $8.52 per share price. On Mar 15, 2016, Chad Stone (Chief Financial Officer) purchased 2,000 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.

Renewable Energy Group Inc

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