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Rex American Resources Corporation (REX)

- NYSE
  • Dec. 4, 2014, 7:04 AM
    • REX American Resources (NYSE:REX): Q3 EPS of $2.84 beats by $0.35.
    • Revenue of $138.5M (-16.7% Y/Y) misses by $13.5M.
    • Press Release
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  • Aug. 27, 2014, 2:41 PM
    • Rex American Resources (REX +12.8%) reaches new all-time highs after posting strong beats in Q2 earnings and revenues, as the company credits favorable market dynamics combined with the efficiency of its plants for leading to record Q2 net income.
    • Says cash rose 45% from year-end 2013 to ~$152M, plant-level debt fell 18% to ~$62M, and debt-to-capital ratio was 16% from 21% as of Jan. 31.
    • The upside Rex results appear to be boosting biofuel and ethanol related names: PEIX +5.6%, BIOF +4.9%, GPRE +2.6%, REGI +1.8%, ADM +1%.
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  • Aug. 27, 2014, 7:07 AM
    • REX American Resources (NYSE:REX): Q2 EPS of $2.68 beats by $0.63.
    • Revenue of $150.2M (-14.4% Y/Y) beats by $3.2M.
    • Press Release
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  • May. 28, 2014, 2:45 PM
    • REX American Resources (REX +9.1%) shares reach a new 52-week high after the ethanol producer reported a sixfold increase in Q1 earnings over year-ago levels, also beating the single analyst estimate for the period.
    • Net income attributable to shareholders jumped to $21.7M, or $2.67/share, during the April quarter, up from $3.5M a year ago and topping the $2.50/share expected from the lone analyst following the company.
    • Revenue fell 12.6% Y/Y to $156M, in line with the single estimate; REX says the decline was due primarily to lower commodity pricing.
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  • May. 28, 2014, 7:14 AM
    • REX American Resources (REX): Q1 EPS of $2.66 beats by $0.16.
    • Revenue of $155.9M (-12.6% Y/Y).
    • Press Release
    | Comment!
  • Feb. 27, 2014, 11:04 AM
    • Solazyme (SZYM +6.6%) surges higher following Q4 earnings and a price target raise to $17 from $14 by Cowen analysts who see production volume ramping in the latter part of 2014.
    • The firm says SZYM's quarterly loss was "essentially in line with [its] expectations” and due to higher expenses as the company ramps up production at its plant in Clinton, Iowa.
    • Cowen says 2014 production at Clinton totaled ~500 metric tons, with three different oil-based products scaled up and a fourth underway; Mooema has completed most phases of its startup, as fermentation is running from seed train to 125K liter scale and 600K liter production fermenters should start up in March.
    • Shares also may be enjoying some spillover from a surge in biofuel and ethanol names as Pacific Ethanol (PEIX +32.5%) reports favorable news (I, II): BIOF +85.7%, CDTI +9.8%, KIOR +9.5%, REX +2.5%.
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  • Dec. 3, 2013, 7:04 AM
    • REX American Resources (REX): Q3 EPS of $1.11.
    • Revenue of $166.5M. (PR)
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  • Sep. 4, 2013, 7:16 AM
    • REX American Resources (REX): Q2 EPS of $0.71 beats by $0.09.
    • Revenue of $175.7M (+15% Y/Y) misses by $9.38M. (PR)
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  • May. 22, 2013, 7:28 AM
    REX American Resources (REX): Q1 EPS of $0.40 beats by $0.36. Revenue of $178.7M misses by $2.79M. (PR)
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  • Mar. 28, 2013, 7:58 AM
    REX American Resources (REX): Q4 EPS of -$0.54 misses by $0.71. Revenue of $174.6M misses by $16.8M. (PR)
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  • Dec. 5, 2012, 7:12 AM
    REX American (REX): Q3 EPS of $0.05 beats by $0.10. Revenue of $179M (+111.8% Y/Y) misses by $1.4M. (PR)
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  • Aug. 29, 2012, 11:09 AM
    Rex American Resources (REX -2.4%) reports FQ2 EPS of $0.10 vs. $0.25 in the year-ago period. REX had enjoyed soaring revenues in recent quarters thanks to acquisitions and higher ethanol and dried distiller grain prices, but more recently the industry's profitability has been hit by lower crush spread margins.
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Company Description
REX American Resources Corp is a holding company that conducts substantially all of its business operations through its subsidiaries.