Adams Resources & Energy (NYSE:AE) Issues Earnings Results, Misses Estimates By $1.20 EPS

Adams Resources & Energy (NYSE:AE) announced its quarterly earnings results on Tuesday. The company reported ($1.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20), Zacks reports. Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%. The firm had revenue of $695.16 million for the quarter, compared to the consensus estimate of $649.00 million.

Adams Resources & Energy Price Performance

Shares of NYSE AE opened at $37.10 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average price is $26.64 and its 200-day moving average price is $26.31. Adams Resources & Energy has a fifty-two week low of $22.30 and a fifty-two week high of $37.90.

Adams Resources & Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 2.59%. Adams Resources & Energy’s dividend payout ratio (DPR) is presently -30.38%.

Wall Street Analysts Forecast Growth

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