REX American Resources Corp. (REX) Releases Earnings Results, Beats Estimates By $0.16 EPS
REX American Resources Corp. (NYSE:REX) posted its quarterly earnings results on Tuesday. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.16. REX American Resources Corp. had a net margin of 5.11% and a return on equity of 6.16%. The company had revenue of $116.30 million for the quarter, compared to the consensus estimate of $110.48 million.
Shares of REX American Resources Corp. (NYSE:REX) opened at 97.68 on Thursday. The stock has a 50 day moving average of $83.22 and a 200-day moving average of $72.51. The firm has a market capitalization of $642.93 million, a P/E ratio of 29.71 and a beta of 2.06. REX American Resources Corp. has a 1-year low of $44.48 and a 1-year high of $98.32.
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Separately, Feltl & Co. started coverage on shares of REX American Resources Corp. in a research note on Thursday, September 15th. They issued a “buy” rating and a $94.50 price target on the stock.
In other REX American Resources Corp. news, insider Edward M. Kress sold 15,000 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $84.69, for a total transaction of $1,270,350.00. Following the sale, the insider now directly owns 56,327 shares of the company’s stock, valued at $4,770,333.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lawrence Tomchin sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $84.00, for a total transaction of $336,000.00. Following the sale, the director now directly owns 138,380 shares in the company, valued at $11,623,920. The disclosure for this sale can be found here. Company insiders own 14.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS acquired a new stake in REX American Resources Corp. during the second quarter valued at approximately $16,888,000. GMT Capital Corp acquired a new stake in REX American Resources Corp. during the second quarter valued at approximately $7,407,000. Emerald Acquisition Ltd. acquired a new stake in REX American Resources Corp. during the second quarter valued at approximately $4,499,000. Matarin Capital Management LLC acquired a new stake in REX American Resources Corp. during the third quarter valued at approximately $6,064,000. Finally, BlackRock Fund Advisors increased its stake in REX American Resources Corp. by 10.1% in the third quarter. BlackRock Fund Advisors now owns 414,525 shares of the company’s stock valued at $35,135,000 after buying an additional 37,992 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.
About REX American Resources Corp.
Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).
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