Rentech (RTK) reported quarterly earnings results on Wednesday, Aug-10-2016. The company said it had a profit of $3.33 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $3.49. Analysts had a consensus of $-0.16. The company posted revenue of $31.80 million in the period, compared to analysts expectations of $48.24 million. The company’s revenue was down -20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.23 EPS.
Rentech closed down -0.07 points or -2.65% at $2.57 with 67,491 shares getting traded on Monday. Post opening the session at $2.65, the shares hit an intraday low of $2.551 and an intraday high of $2.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 24, 2015, Keith B Forman (CEO) purchased 3,000 shares at $6.04 per share price.
Rentech Inc. is a provider of wood fiber processing services wood chips and wood pellets. The Company operates in five segments: East Dubuque which include the operations of the East Dubuque Facility and produces ammonia and UAN; Pasadena which include the operations of the Pasadena Facility and produces ammonium sulfate; Fulghum Fibres which involves the operations of Fulghum which provides wood yard operations services and wood fiber processing services sells wood chips to the pulp paper and packaging industry and owns and manages forestland and sells bark to industrial consumers in South America; Wood Pellets: Industrial this segment includes wood pellet plant projects the Atikokan and Wawa Projects which include wood pellet development the sale of third party produced pellets and management of wood pellet projects and activities and Wood Pellets: NEWP which involves the operations of NEWP which produces wood pellets for the residential and commercial markets.