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

Adams Resources & Energy (NYSE:AE) issued its quarterly earnings results on Tuesday. The company reported ($1.76) earnings per share (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 net margin of 0.29% and a negative return on equity of 8.00%.

Adams Resources & Energy Price Performance

NYSE:AE traded up $0.03 during mid-day trading on Thursday, reaching $37.08. The stock had a trading volume of 3,943 shares, compared to its average volume of 8,924. The firm has a 50 day moving average price of $26.64 and a two-hundred day moving average price of $26.31. The stock has a market capitalization of $95.30 million, a P/E ratio of -11.73 and a beta of 0.79. Adams Resources & Energy has a one year low of $22.30 and a one year high of $37.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.97 and a current ratio of 1.06.

Adams Resources & Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About Adams Resources & Energy

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.