Brokerages forecast that Darling Ingredients Inc (NYSE:DAR) will post earnings of $0.22 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Darling Ingredients’ earnings, with estimates ranging from $0.15 to $0.28. Darling Ingredients reported earnings of $0.10 per share during the same quarter last year, which suggests a positive year over year growth rate of 120%. The business is expected to report its next quarterly earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Darling Ingredients will report full year earnings of $0.91 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.02 per share, with EPS estimates ranging from $0.82 to $1.24. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Darling Ingredients.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Tuesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). The firm had revenue of $812.58 million during the quarter, compared to the consensus estimate of $859.52 million. Darling Ingredients had a return on equity of 5.36% and a net margin of 4.78%. The firm’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 31st. BMO Capital Markets increased their price target on Darling Ingredients from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 10th. Finally, JPMorgan Chase & Co. increased their price target on Darling Ingredients from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $21.25.
Several hedge funds have recently bought and sold shares of the company. American International Group Inc. lifted its holdings in shares of Darling Ingredients by 1.9% in the third quarter. American International Group Inc. now owns 128,827 shares of the company’s stock valued at $2,489,000 after purchasing an additional 2,430 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of Darling Ingredients by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 181,526 shares of the company’s stock valued at $3,609,000 after purchasing an additional 2,721 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Darling Ingredients by 8.3% in the second quarter. Hilltop Holdings Inc. now owns 37,189 shares of the company’s stock valued at $739,000 after purchasing an additional 2,842 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Darling Ingredients by 7.0% in the second quarter. Advisors Asset Management Inc. now owns 45,484 shares of the company’s stock valued at $904,000 after purchasing an additional 2,963 shares in the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of Darling Ingredients by 0.7% in the second quarter. United Services Automobile Association now owns 423,816 shares of the company’s stock valued at $8,425,000 after purchasing an additional 3,117 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.
NYSE:DAR traded down $0.24 on Friday, hitting $21.48. The stock had a trading volume of 1,215,148 shares, compared to its average volume of 1,600,830. The firm has a market cap of $3.56 billion, a P/E ratio of 89.50 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.81. Darling Ingredients has a 52 week low of $15.80 and a 52 week high of $22.11.
Darling Ingredients Company Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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