FutureFuel (NYSE:FF) Issues Quarterly Earnings Results

FutureFuel (NYSE:FF) released its earnings results on Monday. The energy company reported ($0.19) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $104.67 million during the quarter. FutureFuel had a negative return on equity of 19.75% and a negative net margin of 19.94%.

FutureFuel Stock Down 38.6%

Shares of FutureFuel stock opened at $3.11 on Tuesday. The stock’s fifty day moving average is $5.40 and its 200-day moving average is $4.63. The firm has a market capitalization of $136.58 million, a PE ratio of -5.10 and a beta of 0.82. FutureFuel has a 12-month low of $3.09 and a 12-month high of $6.99.

FutureFuel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 4th. FutureFuel’s payout ratio is presently -5.71%.

Analyst Ratings Changes

FF has been the topic of a number of research reports. Weiss Ratings downgraded FutureFuel from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. Wall Street Zen raised FutureFuel from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in FutureFuel in the 2nd quarter worth about $8,653,000. Empowered Funds LLC acquired a new stake in FutureFuel during the 2nd quarter worth about $1,384,000. Bank of New York Mellon Corp purchased a new position in FutureFuel during the 2nd quarter valued at about $1,214,000. GSA Capital Partners LLP purchased a new position in FutureFuel during the 2nd quarter valued at about $1,029,000. Finally, Walleye Capital LLC purchased a new position in FutureFuel during the 1st quarter valued at about $475,000. 44.56% of the stock is currently owned by institutional investors and hedge funds.

FutureFuel Company Profile

FutureFuel Corp. is a chemical and biofuels manufacturer headquartered in Missouri. Through its subsidiary, FutureFuel Chemical Company, the business operates a manufacturing facility in Batesville, Arkansas, where it produces specialty chemicals and renewable fuels.

The company’s chemical operations manufacture custom and specialty organic chemicals for industrial and commercial customers. Its product capabilities include chemicals used in areas such as coatings, solvents, polymers, agricultural applications and other specialty markets.