FutureFuel Corp. (FF) Lifted to “Buy” at TheStreet
Separately, Zacks Investment Research downgraded FutureFuel Corp. from a hold rating to a sell rating in a research note on Monday, October 10th.
FutureFuel Corp. (NYSE:FF) opened at 13.54 on Wednesday. The company’s 50-day moving average price is $11.37 and its 200 day moving average price is $11.25. FutureFuel Corp. has a 52-week low of $9.77 and a 52-week high of $15.13. The stock has a market capitalization of $591.98 million, a P/E ratio of 8.82 and a beta of 1.40.
FutureFuel Corp. (NYSE:FF) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.05. FutureFuel Corp. had a return on equity of 16.41% and a net margin of 30.92%. The company had revenue of $69.31 million for the quarter, compared to the consensus estimate of $86 million. During the same quarter in the previous year, the business earned $0.11 EPS. The company’s quarterly revenue was down 35.3% compared to the same quarter last year. On average, equities research analysts anticipate that FutureFuel Corp. will post $1.08 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of FutureFuel Corp. by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,867,697 shares of the company’s stock worth $20,320,000 after buying an additional 73,267 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of FutureFuel Corp. by 8.0% in the third quarter. BlackRock Fund Advisors now owns 1,719,367 shares of the company’s stock worth $19,394,000 after buying an additional 126,763 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FutureFuel Corp. by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,675,776 shares of the company’s stock worth $18,232,000 after buying an additional 51,503 shares during the last quarter. Royal Bank of Canada boosted its position in shares of FutureFuel Corp. by 25.7% in the second quarter. Royal Bank of Canada now owns 1,631,867 shares of the company’s stock worth $17,755,000 after buying an additional 333,951 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of FutureFuel Corp. by 8.3% in the first quarter. Renaissance Technologies LLC now owns 1,283,000 shares of the company’s stock worth $15,127,000 after buying an additional 98,100 shares during the last quarter. 38.58% of the stock is currently owned by institutional investors.
About FutureFuel Corp.
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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