Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.