FutureFuel (NYSE:FF) Posts Quarterly Earnings Results

FutureFuel (NYSE:FF) announced its 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 for the quarter. FutureFuel had a negative return on equity of 28.62% and a negative net margin of 51.59%.

FutureFuel Stock Down 1.8%

NYSE FF traded down $0.09 during trading hours on Monday, hitting $4.81. 337,357 shares of the stock were exchanged, compared to its average volume of 423,180. FutureFuel has a 12-month low of $3.09 and a 12-month high of $5.12. The stock has a 50-day moving average of $4.18 and a 200 day moving average of $3.75. The company has a market cap of $210.97 million, a price-to-earnings ratio of -4.29 and a beta of 0.89.

FutureFuel Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, June 4th. FutureFuel’s payout ratio is -21.43%.

Hedge Funds Weigh In On FutureFuel

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in shares of FutureFuel by 226.0% in the third quarter. BNP Paribas Financial Markets now owns 9,038 shares of the energy company’s stock valued at $35,000 after buying an additional 6,266 shares in the last quarter. Centiva Capital LP acquired a new stake in FutureFuel in the third quarter valued at $50,000. Brooklyn Investment Group boosted its position in shares of FutureFuel by 4,087.0% during the 3rd quarter. Brooklyn Investment Group now owns 12,854 shares of the energy company’s stock worth $50,000 after purchasing an additional 12,547 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of FutureFuel during the 3rd quarter worth $51,000. Finally, HRT Financial LP acquired a new position in shares of FutureFuel during the 4th quarter worth $56,000. 44.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.