Rentech, Inc. (RTK) Posts Earnings Results, Misses Estimates By $0.15 EPS
Rentech, Inc. (NASDAQ:RTK) posted its quarterly earnings data on Thursday. The energy company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.15, Morningstar.com reports. Rentech had a return on equity of 24.08% and a net margin of 114.60%. The business had revenue of $24.74 million during the quarter.
Shares of Rentech (RTK) traded down 6.4495% during trading on Friday, reaching $0.2901. The company had a trading volume of 280,409 shares. Rentech has a 12 month low of $0.28 and a 12 month high of $3.97. The firm has a 50 day moving average price of $0.49 and a 200 day moving average price of $0.79. The company has a market cap of $6.73 million, a price-to-earnings ratio of 0.0522 and a beta of 1.27.
Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of Rentech by 4.0% in the fourth quarter. Renaissance Technologies LLC now owns 816,174 shares of the energy company’s stock valued at $2,024,000 after buying an additional 31,200 shares during the period. Raging Capital Management LLC increased its stake in shares of Rentech by 119.1% in the first quarter. Raging Capital Management LLC now owns 4,366,781 shares of the energy company’s stock valued at $2,183,000 after buying an additional 2,373,525 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Rentech by 8.0% in the second quarter. Vanguard Group Inc. now owns 513,353 shares of the energy company’s stock valued at $233,000 after buying an additional 38,097 shares during the period. Institutional investors and hedge funds own 31.01% of the company’s stock.
Rentech, Inc is a provider of wood fiber processing services, wood chips and wood pellets. The Company’s processing business includes Fulghum Fibres, Inc (Fulghum), which operates approximately 30 wood chipping mills in the United States and South America. The Company provides wood yard operations services.
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