Wall Street brokerages forecast that Darling Ingredients Inc (NYSE:DAR) will post sales of $874.01 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Darling Ingredients’ earnings, with the lowest sales estimate coming in at $850.00 million and the highest estimate coming in at $892.82 million. Darling Ingredients posted sales of $853.13 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The business is expected to announce its next earnings report on Wednesday, February 26th.
On average, analysts expect that Darling Ingredients will report full-year sales of $3.38 billion for the current financial year, with estimates ranging from $3.35 billion to $3.39 billion. For the next year, analysts anticipate that the company will report sales of $3.51 billion, with estimates ranging from $3.45 billion to $3.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Darling Ingredients.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $842.05 million during the quarter, compared to analyst estimates of $834.01 million. Darling Ingredients had a net margin of 3.30% and a return on equity of 4.67%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) earnings per share.
DAR has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and upped their price target for the company from $25.00 to $29.00 in a report on Wednesday. Robert W. Baird upped their price target on shares of Darling Ingredients from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday. ValuEngine lowered shares of Darling Ingredients from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 7th. Finally, Zacks Investment Research upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, January 7th.
DAR traded up $0.30 during trading on Monday, hitting $28.81. The company had a trading volume of 30,325 shares, compared to its average volume of 954,257. The company has a market cap of $4.79 billion, a PE ratio of 32.33 and a beta of 1.30. The business has a 50-day moving average of $26.60 and a 200-day moving average of $21.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.43 and a quick ratio of 0.84. Darling Ingredients has a 1-year low of $18.20 and a 1-year high of $29.36.
Several institutional investors have recently added to or reduced their stakes in DAR. Evoke Wealth LLC bought a new position in shares of Darling Ingredients during the third quarter worth about $31,000. Private Capital Group LLC grew its position in Darling Ingredients by 16.7% in the 2nd quarter. Private Capital Group LLC now owns 3,782 shares of the company’s stock valued at $75,000 after buying an additional 541 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in Darling Ingredients in the 3rd quarter valued at about $88,000. Neo Ivy Capital Management bought a new position in Darling Ingredients in the 3rd quarter valued at about $139,000. Finally, Russell Investments Group Ltd. grew its position in Darling Ingredients by 36.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 10,863 shares of the company’s stock valued at $208,000 after buying an additional 2,905 shares in the last quarter. Institutional investors and hedge funds own 95.62% of the company’s stock.
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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