Andersons (NASDAQ:ANDE) Posts Quarterly Earnings Results, Beats Estimates By $0.67 EPS

Andersons (NASDAQ:ANDEGet Free Report) issued its quarterly earnings results on Monday. The basic materials company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.67, Zacks reports. Andersons had a return on equity of 10.68% and a net margin of 1.17%.

Andersons Price Performance

ANDE traded down $0.92 on Monday, reaching $69.86. The company had a trading volume of 353,294 shares, compared to its average volume of 326,018. The company has a market capitalization of $2.38 billion, a P/E ratio of 18.58 and a beta of 0.66. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $72.17 and a 200-day moving average of $69.83. Andersons has a one year low of $31.84 and a one year high of $82.11.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, July 1st. Andersons’s dividend payout ratio is currently 21.28%.

Insider Activity at Andersons

In other news, Director Patrick E. Bowe sold 3,534 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total value of $284,593.02. Following the completion of the sale, the director directly owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. This represents a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Andersons

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Andersons by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock worth $124,910,000 after buying an additional 17,278 shares in the last quarter. Rubric Capital Management LP bought a new stake in Andersons in the fourth quarter worth about $53,469,000. Geode Capital Management LLC lifted its holdings in Andersons by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock valued at $43,757,000 after acquiring an additional 3,259 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Andersons by 354.7% during the 4th quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock valued at $38,868,000 after purchasing an additional 570,245 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd bought a new position in shares of Andersons during the 4th quarter valued at about $38,746,000. 87.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ANDE has been the subject of a number of research reports. Wall Street Zen raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Benchmark reiterated a “buy” rating on shares of Andersons in a research report on Monday, June 15th. The Goldman Sachs Group lowered Andersons to a “buy” rating in a research report on Thursday, June 18th. Finally, Texas Capital upgraded Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $85.00.

View Our Latest Research Report on ANDE

About Andersons

(Get Free Report)

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.

See Also

Earnings History for Andersons (NASDAQ:ANDE)

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