FutureFuel (NYSE:FF) Announces Quarterly Earnings Results

Key Points

• FutureFuel reported a quarterly loss of ($0.24) EPS and had a negative return on equity of 3.15% for the period.
• The company announced a dividend of $0.06 per share, but its current payout ratio stands at -160.00%.
• Wall Street analysts have downgraded FutureFuel from a "hold" to a "sell" rating, indicating a negative outlook for the stock.

FutureFuel (NYSE:FF - Get Free Report) posted its earnings results on Monday. The energy company reported ($0.24) EPS for the quarter, Zacks reports. FutureFuel had a negative return on equity of 3.15% and a negative net margin of 3.19%.

FutureFuel Stock Performance

Shares of FF traded up $0.01 during midday trading on Monday, hitting $3.76. The company had a trading volume of 311,742 shares, compared to its average volume of 272,280. FutureFuel has a 1 year low of $3.64 and a 1 year high of $6.40. The firm has a market capitalization of $164.48 million, a P/E ratio of -25.03 and a beta of 0.57. The company's 50-day simple moving average is $4.04 and its 200-day simple moving average is $4.24.

FutureFuel Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a dividend of $0.06 per share. This represents a yield of 608.0%. The ex-dividend date of this dividend was Wednesday, June 4th. FutureFuel's payout ratio is presently -160.00%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered FutureFuel from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Hedge Funds Weigh In On FutureFuel

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of FutureFuel by 10.7% during the 2nd quarter. Geode Capital Management LLC now owns 958,499 shares of the energy company's stock worth $3,720,000 after acquiring an additional 92,481 shares in the last quarter. Empowered Funds LLC boosted its position in shares of FutureFuel by 7.4% during the 1st quarter. Empowered Funds LLC now owns 250,502 shares of the energy company's stock worth $977,000 after acquiring an additional 17,192 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of FutureFuel by 447.4% during the 1st quarter. Jane Street Group LLC now owns 61,481 shares of the energy company's stock worth $240,000 after acquiring an additional 50,249 shares in the last quarter. Institutional investors and hedge funds own 44.56% of the company's stock.

FutureFuel Company Profile

FutureFuel Corp., together with its subsidiaries, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents.

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