REX American Resources (REX) Set to Announce Earnings on Tuesday

REX American Resources (NYSE:REX) is scheduled to release its earnings data before the market opens on Tuesday, August 27th. Analysts expect REX American Resources to post earnings of $0.44 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

REX American Resources (NYSE:REX) last posted its earnings results on Wednesday, May 22nd. The energy company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.27. REX American Resources had a return on equity of 11.53% and a net margin of 8.43%. The firm had revenue of $161.23 million for the quarter, compared to the consensus estimate of $140.00 million. On average, analysts expect REX American Resources to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

REX American Resources Stock Performance

REX stock opened at $46.52 on Tuesday. REX American Resources has a fifty-two week low of $34.94 and a fifty-two week high of $60.78. The business’s 50 day moving average price is $45.85 and its two-hundred day moving average price is $48.82. The company has a market capitalization of $814.29 million, a price-to-earnings ratio of 12.43 and a beta of 0.96.

Analysts Set New Price Targets

Several research firms recently weighed in on REX. StockNews.com downgraded REX American Resources from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Truist Financial restated a “buy” rating and issued a $65.00 price target on shares of REX American Resources in a research note on Monday, June 17th.

Insider Activity at REX American Resources

In related news, Director Lee Fisher sold 4,362 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $56.42, for a total value of $246,104.04. Following the transaction, the director now directly owns 6,001 shares of the company’s stock, valued at approximately $338,576.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.68% of the stock is currently owned by insiders.

About REX American Resources

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.