Trade Report: Today, REX American Resources Corp. (REX) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Today, REX American Resources Corp. (REX) Releases Quarterly  Earnings Results, Beats Estimates By $0.16 EPS

REX American Resources Corp. (NYSE:REX) released its quarterly earnings data on Tuesday. The company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.16. REX American Resources Corp. had a return on equity of 6.16% and a net margin of 5.11%. The firm earned $116.30 million during the quarter, compared to analyst estimates of $110.48 million.

Shares of REX American Resources Corp. (NYSE:REX) traded up 0.86% during mid-day trading on Tuesday, hitting $90.12. The stock had a trading volume of 16,496 shares. The stock’s 50-day moving average price is $83.03 and its 200 day moving average price is $72.21. The company has a market capitalization of $593.17 million, a P/E ratio of 27.41 and a beta of 2.06. REX American Resources Corp. has a 1-year low of $44.48 and a 1-year high of $90.90.

Separately, Feltl & Co. assumed coverage on REX American Resources Corp. in a research note on Thursday, September 15th. They set a “buy” rating and a $94.50 price objective for the company.

In related news, insider Edward M. Kress sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $84.69, for a total transaction of $1,270,350.00. Following the transaction, the insider now directly owns 56,327 shares of the company’s stock, valued at approximately $4,770,333.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence Tomchin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $88.00, for a total value of $176,000.00. Following the transaction, the director now directly owns 132,380 shares in the company, valued at $11,649,440. The disclosure for this sale can be found here. Corporate insiders own 14.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of REX. SG Americas Securities LLC purchased a new stake in REX American Resources Corp. during the third quarter valued at about $116,000. BlackRock Inc. increased its stake in REX American Resources Corp. by 412.1% in the second quarter. BlackRock Inc. now owns 1,741 shares of the company’s stock valued at $104,000 after buying an additional 1,401 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in REX American Resources Corp. during the third quarter valued at about $220,000. BlackRock Advisors LLC increased its stake in REX American Resources Corp. by 3.5% in the second quarter. BlackRock Advisors LLC now owns 2,838 shares of the company’s stock valued at $170,000 after buying an additional 96 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in REX American Resources Corp. during the third quarter valued at about $330,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.

About REX American Resources Corp.

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