Rex American Resources Corp. Lowered to Neutral at Sidoti (REX)
Rex American Resources Corp. (NYSE:REX) was downgraded by equities research analysts at Sidoti from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Rex American Resources Corp. (NYSE:REX) traded down 8.68% during mid-day trading on Thursday, hitting $93.45. The stock had a trading volume of 189,809 shares. Rex American Resources Corp. has a 52-week low of $26.70 and a 52-week high of $102.92. The stock has a 50-day moving average of $87.12 and a 200-day moving average of $66.. The company has a market cap of $764.6 million and a P/E ratio of 15.67.
Rex American Resources Corp. (NYSE:REX) last released its earnings data on Wednesday, May 28th. The company reported $2.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.50 by $0.17. The company had revenue of $155.94 million for the quarter, compared to the consensus estimate of $178.42 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Analysts expect that Rex American Resources Corp. will post $8.51 EPS for the current fiscal year.
In other Rex American Resources Corp. news, Director Lawrence Tomchin unloaded 12,626 shares of Rex American Resources Corp. stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $94.10, for a total value of $1,188,106.60. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Rex American Resources Corporation (NYSE:REX) is a holding company to succeed to the entire ownership of three affiliated corporations, Rex Radio and Television, Inc, Stereo Town, Inc and Kelly & Cohen Appliances, Inc As of January 31, 2012, the Company had lease agreements, as landlord, for six owned former retail stores and had 16 vacant former retail properties.
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