Rex American Resources Corp. (REX) Releases Quarterly Earnings Results, Beats Expectations By $0.63 EPS
Rex American Resources Corp. (NYSE:REX) issued its quarterly earnings data on Wednesday. The company reported $2.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.05 by $0.63, AnalystRatings.NET reports. The company had revenue of $150.20 million for the quarter, compared to the consensus estimate of $147.00 million.
Shares of Rex American Resources Corp. (NYSE:REX) opened at 90.75 on Wednesday. Rex American Resources Corp. has a 52-week low of $26.70 and a 52-week high of $102.92. The stock’s 50-day moving average is $88.28 and its 200-day moving average is $67.78. The company has a market cap of $742.5 million and a P/E ratio of 13.86.
On a related note, analysts at Sidoti downgraded shares of Rex American Resources Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, August 21st.
In other Rex American Resources Corp. news, Director Lawrence Tomchin sold 12,626 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $94.10, for a total transaction of $1,188,106.60. The sale was disclosed in a filing with the Securities & Exchange Commission, 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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