Adams Resources & Energy (NYSE:AE) Announces Quarterly Earnings Results, Misses Expectations By $1.20 EPS

Adams Resources & Energy (NYSE:AE) posted its quarterly earnings results on Tuesday. The company reported ($1.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20), Zacks reports. The business had revenue of $695.16 million for the quarter, compared to the consensus estimate of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.00% and a negative net margin of 0.29%.

Adams Resources & Energy Stock Performance

Shares of Adams Resources & Energy stock traded up $0.05 on Thursday, hitting $37.10. The stock had a trading volume of 8,002 shares, compared to its average volume of 8,942. The stock has a market cap of $95.35 million, a price-to-earnings ratio of -11.73 and a beta of 0.79. The business’s 50 day moving average is $26.64 and its two-hundred day moving average is $26.31. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $37.90.

Adams Resources & Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, December 6th. Adams Resources & Energy’s dividend payout ratio is presently -30.38%.

Wall Street Analysts Forecast Growth

Separately, B. Riley restated a “neutral” rating and issued a $38.00 price target (down previously from $45.00) on shares of Adams Resources & Energy in a research note on Wednesday.

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.