Zacks: Brokerages Anticipate Darling Ingredients Inc (NYSE:DAR) to Announce $0.23 EPS

Wall Street analysts predict that Darling Ingredients Inc (NYSE:DAR) will announce earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Darling Ingredients’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.25. Darling Ingredients reported earnings of $0.24 per share during the same quarter last year, which suggests a negative year over year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 26th.

On average, analysts expect that Darling Ingredients will report full year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.59 to $0.66. For the next financial year, analysts expect that the firm will post earnings of $1.10 per share, with EPS estimates ranging from $0.79 to $1.40. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Darling Ingredients.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The firm 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 business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS.

A number of brokerages have issued reports on DAR. Robert W. Baird upped their target price on Darling Ingredients from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Investment Research raised Darling Ingredients from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, January 7th. ValuEngine cut Darling Ingredients from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. downgraded Darling Ingredients from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $25.00 to $29.00 in a research report on Wednesday.

Several institutional investors and hedge funds have recently made changes to their positions in DAR. Millennium Management LLC raised its holdings in shares of Darling Ingredients by 1,017.0% in the third quarter. Millennium Management LLC now owns 1,472,229 shares of the company’s stock valued at $28,163,000 after buying an additional 1,340,426 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Darling Ingredients during the second quarter worth $19,813,000. ValueAct Holdings L.P. grew its position in Darling Ingredients by 51.2% during the second quarter. ValueAct Holdings L.P. now owns 1,727,528 shares of the company’s stock valued at $34,361,000 after buying an additional 585,000 shares during the period. Schroder Investment Management Group grew its position in Darling Ingredients by 38.8% during the second quarter. Schroder Investment Management Group now owns 1,518,186 shares of the company’s stock valued at $30,197,000 after buying an additional 424,248 shares during the period. Finally, Royal Bank of Canada increased its holdings in Darling Ingredients by 15.6% in the second quarter. Royal Bank of Canada now owns 2,957,586 shares of the company’s stock valued at $58,826,000 after buying an additional 399,444 shares in the last quarter. Institutional investors and hedge funds own 95.62% of the company’s stock.

NYSE DAR traded up $0.45 during trading on Friday, hitting $29.01. 42,088 shares of the company’s stock traded hands, compared to its average volume of 954,257. The stock has a fifty day moving average of $26.60 and a two-hundred 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 12-month low of $18.20 and a 12-month high of $29.36. The firm has a market cap of $4.79 billion, a P/E ratio of 32.55 and a beta of 1.30.

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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