Futurefuel Corp. Receives a Buy from Roth CapitalBy Ryan Adsit
“We continue to expect the Biofuels segment to push strong results in 4Q16, while the Chemicals segment is seeing profitability impacted by lower demand from Ag and Energy related customers.”
According to TipRanks.com, Irwin is ranked 0 out of 5 stars with an average return of -6.9% and a 31.8% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp., Ballard Power Systems, and Amer. Superconductor.
Futurefuel Corp. has an analyst consensus of Moderate Buy.
Based on Futurefuel Corp.’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $67.88 million and quarterly net profit of $14.17 million. In comparison, last year the company earned revenue of $107 million and had a net profit of $4.82 million.
FutureFuel Corp. develops, manufactures and markets biofuels and specialty chemicals. The company operates through two segments: Chemicals and Biofuels. The Chemicals segment manufactures a diversified listing of chemical products that are sold to third party customers. This segment comprises two components: custom manufacturing and performance chemicals. The Biofuels segment primarily manufactures and markets biodiesel. This segment also includes biodiesel blends with petrodiesel, petrodiesel with no biodiesel added, RINs, biodiesel production byproducts and the purchase and sale of other petroleum products. The company was founded by Lee E. Mikles and Paul Anthony Novelly on August 12, 2005 and is headquartered in Clayton, MO.