REX American Resources Corp. (NYSE:REX) issued its quarterly earnings results on Tuesday. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.16. The business had revenue of $116.30 million for the quarter, compared to the consensus estimate of $110.48 million. REX American Resources Corp. had a net margin of 5.11% and a return on equity of 6.16%.

REX American Resources Corp. (NYSE:REX) traded up 1.40% on Tuesday, reaching $90.60. 18,335 shares of the company’s stock were exchanged. REX American Resources Corp. has a 52 week low of $44.48 and a 52 week high of $90.90. The stock’s 50 day moving average is $83.03 and its 200 day moving average is $72.21. The company has a market cap of $596.33 million, a price-to-earnings ratio of 27.55 and a beta of 2.06.

Earnings History for REX American Resources Corp. (NYSE:REX)

In other REX American Resources Corp. news, insider Stuart A. Rose sold 10,524 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $85.95, for a total transaction of $904,537.80. Following the transaction, the insider now owns 656,622 shares in the company, valued at approximately $56,436,660.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas Bruggeman sold 1,500 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $85.00, for a total value of $127,500.00. Following the transaction, the chief financial officer now owns 33,651 shares in the company, valued at approximately $2,860,335. The disclosure for this sale can be found here. Company insiders own 14.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in REX American Resources Corp. by 1.4% in the second quarter. Vanguard Group Inc. now owns 340,842 shares of the company’s stock valued at $20,392,000 after buying an additional 4,660 shares during the last quarter. BlackRock Advisors LLC boosted its position in shares of REX American Resources Corp. by 3.5% in the second quarter. BlackRock Advisors LLC now owns 2,838 shares of the company’s stock worth $170,000 after buying an additional 96 shares during the last quarter. BlackRock Investment Management LLC boosted its position in shares of REX American Resources Corp. by 5.6% in the second quarter. BlackRock Investment Management LLC now owns 26,921 shares of the company’s stock worth $1,611,000 after buying an additional 1,435 shares during the last quarter. BlackRock Inc. boosted its position in shares of REX American Resources Corp. by 412.1% in the second quarter. BlackRock Inc. now owns 1,741 shares of the company’s stock worth $104,000 after buying an additional 1,401 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of REX American Resources Corp. by 0.5% in the second quarter. BlackRock Fund Advisors now owns 376,533 shares of the company’s stock worth $22,528,000 after buying an additional 1,990 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Separately, Feltl & Co. began coverage on shares of REX American Resources Corp. in a research report on Thursday, September 15th. They set a “buy” rating and a $94.50 price target on the stock.

TRADEMARK VIOLATION NOTICE: This article was published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this article can be accessed at http://www.dailypolitical.com/2016/11/29/rex-american-resources-corp-rex-announces-quarterly-earnings-results-beats-expectations-by-0-16-eps.html.

REX American Resources Corp. Company Profile

Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

5 Day Chart for NYSE:REX

Receive News & Ratings for REX American Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REX American Resources Corp. and related companies with MarketBeat.com's FREE daily email newsletter.