Streetbeat News

REX

REX American Resources Corporation

https://www.rexamerican.com

Industry

Chemicals - Specialty

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, the company provides dry distillers grains with solubles, which is used as a protein in animal feed. The company was formerly known as REX Stores Corporation and changed its name to REX American Resources Corporation in 2010. REX American Resources Corporation was founded in 1980 and is headquartered in Dayton, Ohio.

Open

48.35

Mkt cap

852M

Volume

50K

High

48.81

P/E Ratio

12.34

52-wk high

60.79

Low

47.81

Div yield

N/A

52-wk low

35.73

U.S. equity indices were steady as traders reassessed interest rate cut expectations following comments from Fed Governor Christopher J. Waller. The U.S. GDP for Q4 was revised up to 3.4%, and gold reached new highs at $2,225 per ounce. Bitcoin rebounded beyond $70,700. The iShares Russell 2000 ETF outperformed large-cap indices. Stocks like Newmont Corp., Barrick Gold Corp., and Agnico Eagle Mines rallied with gold prices. Nikola Corp. surged on short squeeze rumors, and Estée Lauder rose after announcing a distribution deal with Amazon.

Portfolio Pulse from Piero Cingari

March 28, 2024 | 5:49 pm

REX American Resources shares surged following the announcement of their Q4 GAAP EPS results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:25 pm

REX American Resources Corporation (NYSE:REX) reported quarterly GAAP earnings of $1.16 per share, surpassing estimates of 68 cents, causing its shares to jump 23.2% to $54.15. Other stocks also saw significant gains, including Avalo Therapeutics, Inc. (NASDAQ:AVTX) with a 430% increase after acquiring a Phase 2-ready anti-IL-1β mAb and announcing a private placement financing of up to $185 million. Various companies across different sectors recorded gains in their stock prices following positive earnings reports, acquisitions, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 3:00 pm

REX American Resources (NYSE:REX) reported Q4 GAAP EPS of $1.16, surpassing the $0.68 estimate, marking a 146.81% increase from last year. However, sales of $187.61M fell short of the $190.26M estimate, a 6.27% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:09 am

REX American Resources (NYSE:REX) reported Q4 earnings of $1.17 per share, surpassing the $0.68 estimate, a 148.94% increase from last year. However, sales of $187.61M fell short of the $190.26M estimate, marking a 6.27% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:04 am

Earnings reports for March 28, 2024, include a mix of expected profits and losses across various sectors. Notable companies like Walgreens Boots Alliance and MSC Industrial Direct Co anticipate earnings, while others like Shimmick and Affimed project losses. The diversity of industries, from healthcare to technology and finance, highlights the varied performance within the market.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 9:24 am

REX American Resources (NYSE:REX) is scheduled to release its quarterly earnings report on March 28, 2024. Analysts predict an EPS of $0.68. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares are currently trading at $43.8, up 54.77% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:01 pm

Four energy stocks are considered overbought based on their RSI values, which may signal a potential short-term decline. REX American Resources (REX) reported record Q3 results, causing a 33% stock increase. Phillips 66 (PSX) is in talks with Elliot Investment Management, with a 9% stock gain. New Fortress Energy (NFE) reported strong Q3 revenue and reaffirmed guidance, leading to a 26% increase over the past month. Cheniere Energy (LNG) posted better-than-expected sales, with an 8% gain over the past month.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 10:04 am

The Nasdaq fell over 100 points while the Dow Jones gained around 300 points. Cracker Barrel's shares slid after reporting a decrease in Q1 revenues and adjusted EPS, missing consensus estimates. Soligenix, REX American Resources, and ImmunoGen saw significant share price increases, with ImmunoGen being acquired by AbbVie. Lizhi Inc., POET Technologies, and Pure Storage experienced notable declines in share prices following their respective earnings reports and public offering news. The health care sector rose, while communication services fell. Oil and gold prices dropped, while silver and copper rose. European shares closed mostly higher, and Asian markets ended on a positive note. U.S. economic data showed mixed results with a slight increase in personal spending and income, a rise in jobless claims, and a drop in pending home sales.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 7:12 pm

Titan Machinery Inc. (TITN) shares dropped by 8.1% to $23.41 due to weaker-than-expected quarterly earnings and sales. The company reported earnings of $1.32 per share, missing estimates of $1.53 per share, and sales of $694.12 million, below the expected $727.20 million. Other stocks experienced significant movements in Thursday's mid-day session, with notable gainers and losers across various sectors.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 6:13 pm

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