FutureFuel Posts Q2 EPS of $0.25, Reversing Prior Losses
FF sits 67% above its 52-week low of $3.09.
Summary
FutureFuel reported Q2 EPS of $0.25, a sharp turnaround from the wider net loss and cash burn disclosed in Q1. The company's Q2 revenue surged on volume and pricing gains. The result lands after the company cut its dividend in March to fund a $25M buyback, signaling management saw the stock as undervalued. With shares trading near a 52-week high of $5.40, this print could validate that view. The conference call later today may provide color on the biodiesel facility fire and growth investments.
At the time of this announcement, FF was trading at $5.16 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $226.3M. The 52-week trading range was $3.09 to $5.40. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.