FutureFuel Corp. (FF) Downgraded by Zacks Investment Research to “Sell”
FutureFuel Corp. (NYSE:FF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.
According to Zacks, “FutureFuel Chemical Company manufacturers diversified chemical products and biobased products comprised of biofuels and biobased specialty chemical products. The Biofuel product segment is focused on the production and commercialization of biodiesel while products offered by the chemical business segment mainly includes bleach activator, herbicide and performance chemicals. FutureFuel Chemical Company is based in Arkansas, USA. “
FutureFuel Corp. (NYSE:FF) traded up 3.02% during midday trading on Monday, hitting $11.95. The company’s stock had a trading volume of 106,623 shares. The firm has a market cap of $522.47 million, a P/E ratio of 8.81 and a beta of 1.31. FutureFuel Corp. has a 12 month low of $9.77 and a 12 month high of $16.08. The company’s 50 day moving average price is $11.33 and its 200 day moving average price is $11.19.
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FutureFuel Corp. (NYSE:FF) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.09. The company had revenue of $67.88 million for the quarter, compared to analyst estimates of $93.50 million. FutureFuel Corp. had a net margin of 23.21% and a return on equity of 15.02%. The firm’s revenue was down 35.1% on a year-over-year basis. During the same quarter last year, the business earned $0.09 earnings per share. Analysts expect that FutureFuel Corp. will post $1.00 EPS for the current year.
Several hedge funds have recently made changes to their positions in FF. Krilogy Financial LLC raised its stake in shares of FutureFuel Corp. by 0.5% in the second quarter. Krilogy Financial LLC now owns 10,117 shares of the company’s stock valued at $110,000 after buying an additional 53 shares during the period. Arizona State Retirement System raised its stake in shares of FutureFuel Corp. by 1.7% in the second quarter. Arizona State Retirement System now owns 11,819 shares of the company’s stock valued at $129,000 after buying an additional 200 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of FutureFuel Corp. by 5.0% in the second quarter. Thrivent Financial for Lutherans now owns 10,940 shares of the company’s stock valued at $119,000 after buying an additional 520 shares during the period. California State Teachers Retirement System raised its stake in shares of FutureFuel Corp. by 1.3% in the second quarter. California State Teachers Retirement System now owns 52,329 shares of the company’s stock valued at $569,000 after buying an additional 657 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of FutureFuel Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 85,418 shares of the company’s stock valued at $930,000 after buying an additional 1,218 shares during the period. Institutional investors and hedge funds own 38.53% of the company’s stock.
FutureFuel Corp. Company Profile
FutureFuel Corp. is engaged in the chemical and biofuels business. The FutureFuel Chemical Company, a subsidiary of Company, manufactures chemical products and bio-based products comprising biofuels and bio-based specialty chemical products. The Company operates in two segments: chemicals and biofuels.
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