REX American Resources (NYSE:REX – Get Free Report) posted its earnings results on Tuesday. The energy company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.44 by $0.26, Yahoo Finance reports. REX American Resources had a net margin of 8.43% and a return on equity of 11.53%. The business had revenue of $148.16 million for the quarter, compared to the consensus estimate of $146.00 million. During the same period last year, the company earned $0.52 EPS.
REX American Resources Price Performance
Shares of NYSE:REX traded up $0.81 during mid-day trading on Thursday, hitting $45.39. The company had a trading volume of 39,067 shares, compared to its average volume of 161,919. The company has a market capitalization of $794.51 million, a PE ratio of 11.88 and a beta of 0.96. The firm has a fifty day moving average price of $45.89 and a 200 day moving average price of $49.01. REX American Resources has a one year low of $35.73 and a one year high of $60.78.
Wall Street Analysts Forecast Growth
REX has been the topic of several recent research reports. Truist Financial cut their target price on shares of REX American Resources from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday. StockNews.com downgraded shares of REX American Resources from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd.
REX American Resources Company Profile
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.
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