Brokerages Expect Darling Ingredients Inc. (NYSE:DAR) to Post $1.12 Earnings Per Share

Brokerages forecast that Darling Ingredients Inc. (NYSE:DAR) will report $1.12 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Darling Ingredients’ earnings. The lowest EPS estimate is $1.10 and the highest is $1.14. Darling Ingredients reported earnings of $0.45 per share during the same quarter last year, which would suggest a positive year over year growth rate of 148.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, March 1st.

According to Zacks, analysts expect that Darling Ingredients will report full-year earnings of $4.07 per share for the current financial year, with EPS estimates ranging from $3.99 to $4.10. For the next fiscal year, analysts anticipate that the company will post earnings of $5.55 per share, with EPS estimates ranging from $5.43 to $5.63. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Darling Ingredients.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Tuesday, November 9th. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Darling Ingredients had a return on equity of 18.35% and a net margin of 12.13%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company earned $0.61 EPS. Darling Ingredients’s revenue was up 41.1% on a year-over-year basis.

A number of equities research analysts recently commented on DAR shares. UBS Group raised Darling Ingredients from a “market perform” rating to an “outperform” rating in a research note on Friday, December 17th. Zacks Investment Research lowered Darling Ingredients from a “hold” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group reiterated a “buy” rating and set a $100.00 target price on shares of Darling Ingredients in a report on Thursday, December 30th. Stephens upped their target price on Darling Ingredients from $86.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, November 11th. Finally, Robert W. Baird reiterated a “buy” rating and set a $109.00 target price on shares of Darling Ingredients in a report on Thursday, December 30th. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Buy” and a consensus price target of $96.20.

NYSE DAR opened at $65.70 on Wednesday. The stock has a fifty day moving average of $68.92 and a 200-day moving average of $71.62. The stock has a market capitalization of $10.63 billion, a P/E ratio of 20.40 and a beta of 1.12. Darling Ingredients has a 52 week low of $58.70 and a 52 week high of $85.98. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.83 and a current ratio of 1.46.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Credit Agricole S A bought a new position in shares of Darling Ingredients in the 2nd quarter valued at $30,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Darling Ingredients by 116.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 192,531 shares of the company’s stock valued at $12,996,000 after acquiring an additional 103,498 shares during the last quarter. Van ECK Associates Corp raised its position in Darling Ingredients by 0.6% during the 2nd quarter. Van ECK Associates Corp now owns 638,925 shares of the company’s stock worth $43,127,000 after purchasing an additional 3,801 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV raised its position in Darling Ingredients by 5.0% during the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 5,048 shares of the company’s stock worth $341,000 after purchasing an additional 242 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Darling Ingredients during the 2nd quarter worth $3,682,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About Darling Ingredients

Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.

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