FutureFuel (FF) Scheduled to Post Earnings on Monday

Posted by MarketBeat News on Aug 1st, 2022

FutureFuel (NYSE:FF – Get Rating) is set to release its earnings data after the market closes on Monday, August 8th.

FutureFuel (NYSE:FF – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The energy company reported ($0.28) earnings per share for the quarter. FutureFuel had a return on equity of 8.39% and a net margin of 7.03%. The business had revenue of $42.26 million for the quarter.

FutureFuel Stock Performance

Shares of FF stock opened at $7.19 on Monday. The stock’s 50-day simple moving average is $7.18 and its 200-day simple moving average is $8.08. The firm has a market capitalization of $314.66 million, a price-to-earnings ratio of 13.83 and a beta of 0.74. FutureFuel has a fifty-two week low of $6.15 and a fifty-two week high of $10.63.

Insider Activity at FutureFuel

In other news, major shareholder St. Albans Global Management, bought 6,650 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average price of $16.27 per share, for a total transaction of $108,195.50. Following the completion of the transaction, the insider now directly owns 17,085,100 shares in the company, valued at $277,974,577. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 40.81% of the stock is owned by insiders.

Institutional Investors Weigh In On FutureFuel

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its stake in shares of FutureFuel by 13.5% during the 1st quarter. Invesco Ltd. now owns 268,009 shares of the energy company’s stock worth $2,608,000 after buying an additional 31,883 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of FutureFuel during the 1st quarter worth approximately $874,000. Swiss National Bank raised its stake in FutureFuel by 7.4% in the 1st quarter. Swiss National Bank now owns 62,109 shares of the energy company’s stock valued at $604,000 after purchasing an additional 4,300 shares during the last quarter. Connors Investor Services Inc. raised its stake in FutureFuel by 7.1% in the 1st quarter. Connors Investor Services Inc. now owns 30,000 shares of the energy company’s stock valued at $292,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in FutureFuel by 143.5% in the 1st quarter. Jane Street Group LLC now owns 25,301 shares of the energy company’s stock valued at $246,000 after purchasing an additional 14,909 shares during the last quarter. Hedge funds and other institutional investors own 46.74% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered FutureFuel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 19th.

FutureFuel Company Profile

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FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the agricultural chemical, coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents.