REX American Resources (NYSE:REX) Issues Quarterly Earnings Results

Key Points

• REX American Resources reported quarterly EPS of $1.06, exceeding the consensus estimate of $0.42 by $0.64. The company posted a 14.30% net margin and 13.67% return on equity.
• REX shares opened at $41.84, with a $1.38 billion market capitalization and a 14.92 price-to-earnings ratio. The stock has traded between $30.02 and $53.36 over the past 12 months.
• Analysts maintain an overall “Buy” rating, although Weiss Ratings recently lowered its rating from “buy (b)” to “buy (b-).” Institutional investors own 88.12% of the company, while insiders have sold 100,000 shares worth about $4.4 million over the past 90 days.

REX American Resources (NYSE:REX - Get Free Report) released its earnings results on Wednesday. The energy company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.42 by $0.64, Zacks reports. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%.

REX American Resources Price Performance

REX stock opened at $41.84 on Wednesday. The company has a market capitalization of $1.38 billion, a PE ratio of 14.92 and a beta of 0.63. The firm's 50-day moving average is $44.38 and its 200 day moving average is $43.65. REX American Resources has a 12 month low of $30.02 and a 12 month high of $53.36.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut REX American Resources from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, REX American Resources currently has an average rating of "Buy".

Insiders Place Their Bets

In related news, insider Stuart A. Rose sold 15,186 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $43.64, for a total value of $662,717.04. Following the completion of the transaction, the insider owned 573,094 shares of the company's stock, valued at $25,009,822.16. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 100,000 shares of company stock valued at $4,395,989 over the last ninety days. 13.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On REX American Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in REX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of REX American Resources by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company's stock worth $344,000 after buying an additional 390 shares during the last quarter. Aquatic Capital Management LLC grew its stake in REX American Resources by 5.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company's stock worth $280,000 after buying an additional 450 shares during the last quarter. Barclays PLC raised its stake in REX American Resources by 0.6% in the fourth quarter. Barclays PLC now owns 83,598 shares of the energy company's stock valued at $2,702,000 after buying an additional 493 shares during the last quarter. Parallel Advisors LLC raised its position in shares of REX American Resources by 97.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company's stock valued at $35,000 after purchasing an additional 564 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of REX American Resources by 6.0% in the 4th quarter. First Trust Advisors LP now owns 11,172 shares of the energy company's stock valued at $361,000 after purchasing an additional 630 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

About REX American Resources

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.

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