FutureFuel (NYSE:FF) Releases 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) released its quarterly earnings results on Monday. The energy company reported ($0.24) EPS for the quarter, Zacks reports. The company had revenue of $35.67 million for the quarter. FutureFuel had a negative return on equity of 13.47% and a negative net margin of 15.95%.

FutureFuel Price Performance

FutureFuel stock traded down $0.04 during mid-day trading on Friday, hitting $3.66. The company's stock had a trading volume of 22,540 shares, compared to its average volume of 270,703. The firm's 50 day moving average is $4.02 and its 200 day moving average is $4.21. The company has a market cap of $160.09 million, a PE ratio of -6.00 and a beta of 0.57. FutureFuel has a 52-week low of $3.58 and a 52-week high of $6.40.

FutureFuel Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $0.06 dividend. This represents a yield of 608.0%. The ex-dividend date of this dividend was Wednesday, June 4th. FutureFuel's dividend payout ratio is currently -39.34%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its holdings 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 valued at $240,000 after acquiring an additional 50,249 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of FutureFuel by 4.1% during the 2nd quarter. First Trust Advisors LP now owns 84,844 shares of the energy company's stock valued at $329,000 after acquiring an additional 3,328 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of FutureFuel by 56.3% during the 2nd quarter. Marshall Wace LLP now owns 96,306 shares of the energy company's stock valued at $374,000 after acquiring an additional 34,688 shares during the last quarter. Empowered Funds LLC increased its holdings 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 valued at $977,000 after acquiring an additional 17,192 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 valued at $3,720,000 after acquiring an additional 92,481 shares during the last quarter. 44.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About FutureFuel

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.