REX American Resources (NYSE:REX) Releases Earnings Results, Beats Expectations By $0.36 EPS

REX American Resources (NYSE:REX) issued its quarterly earnings results on Wednesday. The energy company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.36, RTT News reports. The firm had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same quarter last year, the company posted $1.16 EPS.

REX American Resources Trading Up 2.2 %

Shares of REX American Resources stock opened at $39.47 on Friday. The business’s 50-day moving average price is $39.80 and its 200-day moving average price is $42.60. The firm has a market capitalization of $693.44 million, a PE ratio of 10.33 and a beta of 0.92. REX American Resources has a 12 month low of $35.40 and a 12 month high of $60.79.

REX American Resources declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 26th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the energy company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Separately, Truist Financial reiterated a “buy” rating and set a $50.00 target price (down from $55.00) on shares of REX American Resources in a research report on Thursday.

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.