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

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

Adams Resources & Energy Trading Up 0.1 %

NYSE:AE opened at $37.10 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.97. The stock has a 50-day simple moving average of $26.64 and a two-hundred day simple moving average of $26.31. Adams Resources & Energy has a 52-week low of $22.30 and a 52-week high of $37.90.

Adams Resources & Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. 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 (DPR) is presently -30.38%.

Analyst Ratings Changes

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

About Adams Resources & Energy

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.