REX American Resources (NYSE:REX) Announces Quarterly Earnings Results, Beats Estimates By $0.66 EPS

REX American Resources (NYSE:REX) posted its quarterly earnings results on Tuesday. The energy company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.66, RTT News reports. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. During the same period in the previous year, the business earned $1.49 earnings per share.

REX American Resources Trading Down 3.3 %

Shares of REX traded down $1.44 during trading hours on Tuesday, reaching $42.01. The stock had a trading volume of 258,645 shares, compared to its average volume of 116,735. The company has a market capitalization of $738.12 million, a price-to-earnings ratio of 10.69 and a beta of 0.90. The firm has a 50-day simple moving average of $45.59 and a 200 day simple moving average of $46.30. REX American Resources has a 12 month low of $40.05 and a 12 month high of $60.78.

Analysts Set New Price Targets

Separately, Truist Financial reduced their target price on REX American Resources from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th.

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.