Wall Street analysts forecast that Darling Ingredients Inc. (NYSE:DAR) will post $913.78 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Darling Ingredients’ earnings. The lowest sales estimate is $885.00 million and the highest is $929.75 million. Darling Ingredients reported sales of $887.28 million during the same quarter last year, which indicates a positive year over year growth rate of 3%. The company is expected to announce its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that Darling Ingredients will report full-year sales of $913.78 million for the current fiscal year, with estimates ranging from $3.60 billion to $3.64 billion. For the next year, analysts forecast that the firm will post sales of $3.74 billion per share, with estimates ranging from $3.65 billion to $3.83 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Darling Ingredients.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $937.70 million during the quarter, compared to the consensus estimate of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share.
A number of research analysts recently commented on the company. Robert W. Baird restated an “outperform” rating and issued a $20.00 target price on shares of Darling Ingredients in a research note on Wednesday, August 23rd. J P Morgan Chase & Co set a $19.00 target price on Darling Ingredients and gave the company a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Roth Capital set a $20.00 target price on Darling Ingredients and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, BidaskClub lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $19.33.
Darling Ingredients (NYSE:DAR) opened at $16.37 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07. The company has a market capitalization of $2,695.84, a price-to-earnings ratio of 41.97 and a beta of 1.54. Darling Ingredients has a 12 month low of $11.51 and a 12 month high of $18.65.
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Institutional investors have recently added to or reduced their stakes in the business. Malaga Cove Capital LLC acquired a new position in Darling Ingredients during the second quarter worth $167,000. Integrated Investment Consultants LLC acquired a new stake in shares of Darling Ingredients in the third quarter valued at $168,000. World Asset Management Inc increased its stake in shares of Darling Ingredients by 2.3% in the second quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock valued at $169,000 after buying an additional 237 shares in the last quarter. Harrington Investments INC acquired a new stake in shares of Darling Ingredients in the third quarter valued at $185,000. Finally, Victory Capital Management Inc. increased its stake in shares of Darling Ingredients by 17.6% in the second quarter. Victory Capital Management Inc. now owns 11,835 shares of the company’s stock valued at $186,000 after buying an additional 1,774 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.
Darling Ingredients Company Profile
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating 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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