FutureFuel Corp. (NYSE:FF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.
According to Zacks, “FutureFuel Chemical Company manufacturers diversified chemical products and biobased products comprised of biofuels and biobased specialty chemical products. The Biofuel product segment is focused on the production and commercialization of biodiesel while products offered by the chemical business segment mainly includes bleach activator, herbicide and performance chemicals. FutureFuel Chemical Company is based in Arkansas, USA. “
Shares of FutureFuel Corp. (NYSE:FF) opened at 11.68 on Monday. FutureFuel Corp. has a one year low of $9.77 and a one year high of $16.08. The firm’s 50-day moving average price is $11.32 and its 200 day moving average price is $11.20. The firm has a market cap of $510.66 million, a P/E ratio of 8.61 and a beta of 1.31.
FutureFuel Corp. (NYSE:FF) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.09. The firm earned $67.88 million during the quarter, compared to the consensus estimate of $93.50 million. FutureFuel Corp. had a return on equity of 15.02% and a net margin of 23.21%. The company’s quarterly revenue was down 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. Analysts predict that FutureFuel Corp. will post $1.00 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in FutureFuel Corp. by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,867,697 shares of the company’s stock valued at $20,320,000 after buying an additional 73,267 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of FutureFuel Corp. by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,675,776 shares of the company’s stock valued at $18,232,000 after buying an additional 51,503 shares during the period. Royal Bank of Canada increased its stake in shares of FutureFuel Corp. by 25.7% in the second quarter. Royal Bank of Canada now owns 1,631,867 shares of the company’s stock valued at $17,755,000 after buying an additional 333,951 shares during the period. BlackRock Fund Advisors increased its stake in shares of FutureFuel Corp. by 5.1% in the second quarter. BlackRock Fund Advisors now owns 1,592,604 shares of the company’s stock valued at $17,328,000 after buying an additional 77,222 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of FutureFuel Corp. by 8.3% in the first quarter. Renaissance Technologies LLC now owns 1,283,000 shares of the company’s stock valued at $15,127,000 after buying an additional 98,100 shares during the period. Hedge funds and other institutional investors own 38.53% of the company’s stock.
About FutureFuel Corp.
FutureFuel Corp. is engaged in the chemical and biofuels business. The FutureFuel Chemical Company, a subsidiary of Company, manufactures chemical products and bio-based products comprising biofuels and bio-based specialty chemical products. The Company operates in two segments: chemicals and biofuels.
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