FutureFuel (NYSE:FF) Posts Quarterly Earnings Results

FutureFuel (NYSE:FF) posted its quarterly earnings results on Monday. The energy company reported ($0.47) earnings per share for the quarter, FiscalAI reports. The business had revenue of $31.95 million during the quarter. FutureFuel had a negative return on equity of 31.27% and a negative net margin of 47.51%.

FutureFuel Stock Down 2.1%

FutureFuel stock traded down $0.09 during midday trading on Wednesday, reaching $3.99. The stock had a trading volume of 456,334 shares, compared to its average volume of 428,797. The firm has a market cap of $174.80 million, a price-to-earnings ratio of -3.35 and a beta of 0.89. FutureFuel has a 52-week low of $3.09 and a 52-week high of $5.12. The company has a fifty day moving average of $4.20 and a 200 day moving average of $3.76.

FutureFuel Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 4th. FutureFuel’s dividend payout ratio is -3.36%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of FutureFuel in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On FutureFuel

A number of institutional investors and hedge funds have recently modified their holdings of the business. Gate City Capital Management LLC grew its position in FutureFuel by 37.3% in the 4th quarter. Gate City Capital Management LLC now owns 1,104,149 shares of the energy company’s stock valued at $3,522,000 after acquiring an additional 299,924 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of FutureFuel by 212.9% during the fourth quarter. GSA Capital Partners LLP now owns 295,890 shares of the energy company’s stock valued at $944,000 after purchasing an additional 201,323 shares during the period. Stifel Financial Corp purchased a new stake in shares of FutureFuel during the fourth quarter valued at $350,000. Marshall Wace LLP grew its holdings in shares of FutureFuel by 176.7% in the fourth quarter. Marshall Wace LLP now owns 153,878 shares of the energy company’s stock worth $491,000 after purchasing an additional 98,260 shares during the last quarter. Finally, Ingalls & Snyder LLC purchased a new position in FutureFuel in the 4th quarter worth about $310,000. 44.56% of the stock is owned by institutional investors.

FutureFuel Company Profile

FutureFuel Corporation (NYSE: FF) operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.

The company’s manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.