FutureFuel (NYSE:FF) Announces Quarterly Earnings Results

FutureFuel (NYSE:FF) issued its quarterly earnings results on Monday. The energy company reported ($0.19) earnings per share for the quarter, FiscalAI reports. FutureFuel had a negative net margin of 12.59% and a negative return on equity of 19.75%. The business had revenue of $104.67 million during the quarter.

FutureFuel Price Performance

NYSE:FF traded down $0.14 during trading hours on Wednesday, reaching $2.98. 548,187 shares of the company were exchanged, compared to its average volume of 437,839. The firm has a market cap of $130.48 million, a price-to-earnings ratio of -4.44 and a beta of 0.82. FutureFuel has a 52-week low of $2.77 and a 52-week high of $6.99. The stock has a 50 day simple moving average of $5.35 and a 200 day simple moving average of $4.63.

FutureFuel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 1.3%. FutureFuel’s dividend payout ratio (DPR) is currently -5.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FF shares. Wall Street Zen upgraded FutureFuel from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings downgraded FutureFuel from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. Finally, Gabelli started coverage on FutureFuel in a research note on Tuesday. They issued an “add” rating and a $9.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Institutional Trading of FutureFuel

Institutional investors have recently made changes to their positions in the stock. Persistent Asset Partners Ltd purchased a new position in shares of FutureFuel in the 2nd quarter worth $51,000. AXQ Capital LP acquired a new stake in FutureFuel during the second quarter worth about $55,000. Greenspring Advisors LLC acquired a new stake in FutureFuel during the second quarter worth about $68,000. PNC Financial Services Group Inc. raised its holdings in shares of FutureFuel by 65.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,404 shares of the energy company’s stock worth $63,000 after purchasing an additional 6,480 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of FutureFuel in the 2nd quarter worth about $89,000. 44.56% of the stock is owned by hedge funds and other institutional investors.

About FutureFuel

FutureFuel Corp. is a chemical and biofuels manufacturer headquartered in Missouri. Through its subsidiary, FutureFuel Chemical Company, the business operates a manufacturing facility in Batesville, Arkansas, where it produces specialty chemicals and renewable fuels. The company’s chemical operations manufacture custom and specialty organic chemicals for industrial and commercial customers. Its product capabilities include chemicals used in areas such as coatings, solvents, polymers, agricultural applications and other specialty markets.