REX American Resources (NYSE:REX - Get Free Report) released its quarterly earnings data on Wednesday. The energy company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.36, RTT News reports. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The company had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. During the same period last year, the firm earned $1.16 EPS.
REX American Resources Trading Down 4.2 %
Shares of REX American Resources stock traded down $1.66 during mid-day trading on Friday, reaching $37.76. 232,437 shares of the stock were exchanged, compared to its average volume of 155,530. The company has a market cap of $663.40 million, a price-to-earnings ratio of 9.89 and a beta of 0.92. REX American Resources has a fifty-two week low of $35.40 and a fifty-two week high of $60.79. The firm has a 50-day simple moving average of $39.72 and a 200 day simple moving average of $42.57.
Wall Street Analyst Weigh In
Separately, Truist Financial reaffirmed a "buy" rating and set a $50.00 price objective (down from $55.00) on shares of REX American Resources in a report on Thursday.
View Our Latest Report on REX
REX American Resources announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 26th that permits the company to buyback 1,500,000 shares. This buyback authorization permits the energy company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.
About REX American Resources
(
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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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