FutureFuel Corp. (FF) Issues Quarterly Earnings Results, Misses Estimates By $0.18 EPS
FutureFuel Corp. (NYSE:FF) issued its quarterly earnings data on Wednesday. The energy company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.18, Morningstar.com reports. The business had revenue of $68.05 million for the quarter. FutureFuel Corp. had a net margin of 18.86% and a return on equity of 12.98%.
FutureFuel Corp. (NYSE:FF) traded down 10.09% during trading on Thursday, hitting $13.10. 126,340 shares of the stock were exchanged. The firm’s 50 day moving average price is $14.80 and its 200-day moving average price is $14.24. FutureFuel Corp. has a 1-year low of $10.24 and a 1-year high of $16.58. The stock has a market cap of $573.11 million, a price-to-earnings ratio of 11.62 and a beta of 1.79.
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FF has been the topic of several recent research reports. TheStreet lowered shares of FutureFuel Corp. from a “b” rating to a “c+” rating in a research report on Wednesday, May 10th. BidaskClub lowered shares of FutureFuel Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
In related news, Director Keith Neumeyer acquired 100,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were bought at an average price of $0.60 per share, for a total transaction of $60,000.00. Corporate insiders own 43.30% of the company’s stock.
Several large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of FutureFuel Corp. by 9.3% in the fourth quarter. State Street Corp now owns 660,520 shares of the energy company’s stock worth $9,183,000 after buying an additional 56,313 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of FutureFuel Corp. by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,230 shares of the energy company’s stock worth $170,000 after buying an additional 730 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of FutureFuel Corp. by 61.0% in the fourth quarter. Teachers Advisors LLC now owns 63,111 shares of the energy company’s stock worth $877,000 after buying an additional 23,920 shares in the last quarter. Hartford Investment Management Co. boosted its stake in shares of FutureFuel Corp. by 10.9% in the first quarter. Hartford Investment Management Co. now owns 20,300 shares of the energy company’s stock worth $288,000 after buying an additional 2,000 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in shares of FutureFuel Corp. during the first quarter worth about $2,836,000. Institutional investors own 42.42% of the company’s stock.
About FutureFuel Corp.
FutureFuel Corp. is the holding company of FutureFuel Chemical Company. FutureFuel Chemical Company manufactures diversified chemical products, bio-based products consisting of biofuels, and bio-based specialty chemical products. FutureFuel Chemical Company conducts its operations through two segments: chemicals and biofuels.
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