Adams Resources & Energy (NYSE:AE) Releases Quarterly Earnings Results, Misses Expectations By $1.20 EPS

Adams Resources & Energy (NYSE:AE) issued its earnings results on Tuesday. The company reported ($1.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20), Zacks reports. The firm had revenue of $695.16 million during the quarter, compared to the consensus estimate of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.00% and a negative net margin of 0.29%.

Adams Resources & Energy Trading Up 0.1 %

Shares of AE traded up $0.02 during trading hours on Thursday, hitting $37.07. The company had a trading volume of 3,606 shares, compared to its average volume of 8,922. Adams Resources & Energy has a 52-week low of $22.30 and a 52-week high of $37.90. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $26.64 and its 200 day moving average price is $26.31. The firm has a market cap of $95.27 million, a P/E ratio of -11.73 and a beta of 0.79.

Adams Resources & Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Friday, December 6th. Adams Resources & Energy’s dividend payout ratio is currently -30.38%.

Wall Street Analyst Weigh In

Separately, B. Riley restated a “neutral” rating and set a $38.00 price target (down from $45.00) on shares of Adams Resources & Energy in a report on Wednesday.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.