Brokerages expect that Darling Ingredients Inc (NYSE:DAR) will post sales of $912.64 million for the current quarter, Zacks reports. Three analysts have provided estimates for Darling Ingredients’ earnings, with estimates ranging from $885.00 million to $926.60 million. Darling Ingredients posted sales of $887.28 million during the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Darling Ingredients will report full year sales of $912.64 million for the current financial year, with estimates ranging from $3.60 billion to $3.64 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.72 billion per share, with estimates ranging from $3.65 billion to $3.78 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Darling Ingredients.
Several research analysts recently commented on DAR shares. Canaccord Genuity raised their target price on Darling Ingredients from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research cut Darling Ingredients from a “buy” rating to a “sell” rating in a research report on Monday, October 16th. Finally, Roth Capital set a $20.00 price objective on Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Darling Ingredients currently has an average rating of “Buy” and a consensus price target of $19.33.
Darling Ingredients (NYSE DAR) opened at $17.84 on Tuesday. The company has a market capitalization of $2,940.00, a price-to-earnings ratio of 46.95 and a beta of 1.48. Darling Ingredients has a 12-month low of $12.38 and a 12-month high of $19.50. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07.
Several hedge funds and other institutional investors have recently modified their holdings of DAR. New York State Common Retirement Fund lifted its holdings in shares of Darling Ingredients by 2.0% during the second quarter. New York State Common Retirement Fund now owns 174,000 shares of the company’s stock valued at $2,739,000 after acquiring an additional 3,399 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Darling Ingredients by 4.1% during the second quarter. California Public Employees Retirement System now owns 253,300 shares of the company’s stock valued at $3,987,000 after acquiring an additional 9,900 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Darling Ingredients by 12.9% during the second quarter. Voya Investment Management LLC now owns 74,448 shares of the company’s stock valued at $1,172,000 after acquiring an additional 8,521 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Darling Ingredients by 18.9% during the second quarter. HighTower Advisors LLC now owns 20,676 shares of the company’s stock valued at $326,000 after acquiring an additional 3,282 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Darling Ingredients by 52.3% during the second quarter. Goldman Sachs Group Inc. now owns 730,182 shares of the company’s stock valued at $11,494,000 after acquiring an additional 250,864 shares during the period. 97.54% of the stock is owned by institutional investors.
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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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