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

42.03

Mkt cap

725M

Volume

126K

High

42.07

P/E Ratio

10.80

52-wk high

60.79

Low

40.96

Div yield

N/A

52-wk low

39.02

Truist Securities analyst Jordan Levy has reiterated a Buy rating on REX American Resources (NYSE:REX), increasing the price target from $58 to $70.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:53 pm

Truist Securities analyst Jordan Levy has maintained a Buy rating on REX American Resources (NYSE:REX) with a consistent price target of $58.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:58 pm

Kodiak Sciences Inc. shares fell by around 20% after reporting a wider-than-expected Q4 loss. Other stocks showed significant movement, with Avalo Therapeutics leading gainers with a 430% jump after acquiring a Phase 2-ready anti-IL-1β mAb and announcing a private placement financing. Losers included Primech Holdings, falling 46.7% after issuing financial updates. The market saw a mix of positive and negative movements across various sectors.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 6:08 pm

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.