REX American Resources Corp(NYSE:REX) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 29, 2016. Company reported revenue of $116.28M. Analysts estimated a revenue of $110.48M. The revenues were $5.80M or 5.25% above the estimates. Earnings per share were $1.36. The reported EPS was above estimates by $0.22 or 19.30%. Analysts had estimated an EPS of $1.14.
In a different note, Feltl & Co. said it Initiates Coverage on REX American Resources Corp, according to a research note issued on Sep 15, 2016. The shares have been rated ‘Buy’ by the firm.
REX American Resources Corp (REX) made into the market gainers list on Tuesdays trading session with the shares advancing 3.82% or 3.41 points. Due to strong positive momentum, the stock ended at $92.76, which is also near the day’s high of $93.2. The stock began the session at $88.56 and the volume stood at 1,67,376 shares. The 52-week high of the shares is $93.2 and the 52 week low is $44.48. The company has a current market capitalization of $611 M and it has 65,82,029 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Oct 11, 2016, Lawrence Tomchin (director) sold 2,000 shares at $88.00 per share price.Also, On Oct 7, 2016, Stuart A Rose (Executive COB) sold 4,608 shares at $86.54 per share price.On Oct 7, 2016, Douglas Bruggeman (CFO; VP-Financ; Treasurer) sold 1,500 shares at $86.93 per share price, according to the Form-4 filing with the securities and exchange commission.
Rex American Resources Corporation (REX) is a holding company to succeed to the entire ownership of three affiliated companies Rex Radio and Television Inc. Stereo Town Inc. and Kelly & Cohen Appliances Inc. As of January 31 2015 the Company invested in four ethanol production entities two of which the Company has a majority ownership interest. The Company’s ethanol investments include One Earth Energy LLC NuGen Energy LLC Patriot Holdings LLC Big River Resources W Burlington LLC Big River Resources Galva LLC Big River United Energy LLC and Big River Resources Boyceville LLC. The Company owns around 74% of the outstanding membership units of One Earth Energy LLC around 99% of NuGen Energy LLC around 27% of Patriot Holdings LLC and around 10% of Big River Resources LLC.