REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, the company provides dry distillers grains with solubles, which is used as a protein in animal feed. The company was formerly known as REX Stores Corporation and changed its name to REX American Resources Corporation in 2010. REX American Resources Corporation was founded in 1980 and is headquartered in Dayton, Ohio.
Wall Street Analysts Forecast Growth
REX has been the subject of a number of recent analyst reports. StockNews.com lowered shares of REX American Resources from a "buy" rating to a "hold" rating in a research report on Tuesday. TheStreet raised shares of REX American Resources from a "c+" rating to a "b" rating in a research note on Tuesday, June 21st.
REX American Resources Stock Down 0.2 %
REX American Resources stock opened at $33.11 on Friday. REX American Resources has a 52-week low of $24.02 and a 52-week high of $37.81. The company has a market cap of $588.07 million, a price-to-earnings ratio of 11.90 and a beta of 1.05. The firm's fifty day moving average is $36.26 and its 200 day moving average is $32.62.
REX American Resources (NYSE:REX - Get Rating) last posted its quarterly earnings data on Wednesday, May 25th. The energy company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. REX American Resources had a net margin of 6.18% and a return on equity of 10.03%. The business had revenue of $194.23 million for the quarter, compared to analysts' expectations of $182.00 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that REX American Resources will post 2.38 earnings per share for the current fiscal year.