Research Analysts Offer Predictions for AE FY2024 Earnings

Adams Resources & Energy, Inc. (NYSE:AE - Free Report) - B. Riley decreased their FY2024 earnings per share (EPS) estimates for shares of Adams Resources & Energy in a research note issued to investors on Wednesday, November 13th. B. Riley analyst L. Burke now forecasts that the company will earn ($2.65) per share for the year, down from their prior forecast of ($1.59). B. Riley currently has a "Neutral" rating and a $38.00 price target on the stock. The consensus estimate for Adams Resources & Energy's current full-year earnings is ($1.59) per share. B. Riley also issued estimates for Adams Resources & Energy's Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $0.47 EPS.

Adams Resources & Energy (NYSE:AE - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.56) by ($1.20). The business had revenue of $695.16 million for the quarter, compared to analyst estimates of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%.

Adams Resources & Energy Stock Down 0.0 %

NYSE:AE traded down $0.01 during mid-day trading on Friday, reaching $37.07. The stock had a trading volume of 13,463 shares, compared to its average volume of 8,962. The company has a market capitalization of $95.57 million, a price-to-earnings ratio of -11.73 and a beta of 0.79. The stock's 50 day simple moving average is $26.92 and its two-hundred day simple moving average is $26.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.97. Adams Resources & Energy has a 1-year low of $22.30 and a 1-year high of $37.90.

Hedge Funds Weigh In On Adams Resources & Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in AE. Empowered Funds LLC raised its stake in Adams Resources & Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 16,344 shares of the company's stock valued at $474,000 after purchasing an additional 1,225 shares during the last quarter. Bard Associates Inc. boosted its stake in Adams Resources & Energy by 13.1% in the third quarter. Bard Associates Inc. now owns 12,438 shares of the company's stock worth $336,000 after purchasing an additional 1,443 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company's stock valued at $549,000 after purchasing an additional 10,977 shares during the last quarter. Round Hill Asset Management lifted its stake in shares of Adams Resources & Energy by 71.6% during the third quarter. Round Hill Asset Management now owns 22,979 shares of the company's stock valued at $620,000 after acquiring an additional 9,587 shares during the period. Finally, Wittenberg Investment Management Inc. raised its stake in shares of Adams Resources & Energy by 1.6% during the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company's stock worth $576,000 after buying an additional 339 shares during the last quarter. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

Adams Resources & Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 2.59%. Adams Resources & Energy's dividend payout ratio (DPR) is presently -30.38%.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.