Zacks Investment Research Downgrades FutureFuel Corp. (FF) to Sell
FutureFuel Corp. (NYSE:FF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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, reaching $11.95. 106,623 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $11.33 and its 200 day moving average price is $11.19. The firm has a market cap of $522.47 million, a price-to-earnings ratio of 8.81 and a beta of 1.31. FutureFuel Corp. has a 1-year low of $9.77 and a 1-year high of $16.08.
FutureFuel Corp. (NYSE:FF) last issued its earnings results on Tuesday, August 9th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.24 by $0.09. The company earned $67.88 million during the quarter, compared to analysts’ expectations of $93.50 million. FutureFuel Corp. had a net margin of 23.21% and a return on equity of 15.02%. The business’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. Equities research analysts anticipate that FutureFuel Corp. will post $1.00 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in FF. Krilogy Financial LLC boosted its position in FutureFuel Corp. by 0.5% in the second quarter. Krilogy Financial LLC now owns 10,117 shares of the company’s stock worth $110,000 after buying an additional 53 shares in the last quarter. Paloma Partners Management Co bought a new position in FutureFuel Corp. during the second quarter worth about $112,000. Stevens Capital Management LP bought a new position in FutureFuel Corp. during the second quarter worth about $119,000. Thrivent Financial for Lutherans boosted its position in FutureFuel Corp. by 5.0% in the second quarter. Thrivent Financial for Lutherans now owns 10,940 shares of the company’s stock worth $119,000 after buying an additional 520 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in FutureFuel Corp. by 1.7% in the second quarter. Arizona State Retirement System now owns 11,819 shares of the company’s stock worth $129,000 after buying an additional 200 shares in the last quarter. 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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