REX American Resources (REX) Projected to Post Quarterly Earnings on Wednesday

REX American Resources (NYSE:REX - Get Free Report) is expected to announce its Q1 2026 earnings results before the market opens on Wednesday, May 28th. Analysts expect REX American Resources to post earnings of $0.34 per share and revenue of $161.00 million for the quarter.

REX American Resources (NYSE:REX - Get Free Report) last announced its earnings results on Wednesday, March 26th. The energy company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.36. The firm had revenue of $158.23 million during the quarter, compared to analysts' expectations of $163.00 million. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same quarter in the previous year, the business earned $1.16 EPS. On average, analysts expect REX American Resources to post $3 EPS for the current fiscal year and $1 EPS for the next fiscal year.

REX American Resources Stock Performance

Shares of REX American Resources stock opened at $42.54 on Wednesday. The stock has a market cap of $706.84 million, a price-to-earnings ratio of 11.14 and a beta of 0.51. The stock has a 50 day moving average price of $39.10 and a 200-day moving average price of $41.06. REX American Resources has a one year low of $33.45 and a one year high of $59.91.

REX American Resources announced that its Board of Directors has initiated a share buyback program on Wednesday, March 26th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the energy company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Separately, Truist Financial reissued a "buy" rating and set a $50.00 price target (down from $55.00) on shares of REX American Resources in a research note on Thursday, March 27th.

Institutional Investors Weigh In On REX American Resources

Several hedge funds have recently made changes to their positions in REX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of REX American Resources by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company's stock worth $344,000 after purchasing an additional 390 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of REX American Resources by 4.1% in the first quarter. Empowered Funds LLC now owns 78,667 shares of the energy company's stock valued at $2,956,000 after purchasing an additional 3,128 shares during the period. AQR Capital Management LLC increased its holdings in shares of REX American Resources by 29.2% in the first quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company's stock valued at $3,619,000 after purchasing an additional 21,781 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of REX American Resources by 74.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company's stock valued at $3,090,000 after purchasing an additional 35,209 shares during the period. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

About REX American Resources

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.