Equities research analysts predict that Darling Ingredients Inc (NYSE:DAR) will announce sales of $866.55 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Darling Ingredients’ earnings. The lowest sales estimate is $821.30 million and the highest is $911.80 million. Darling Ingredients reported sales of $880.07 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.5%. The firm is expected to report its next earnings results on Thursday, May 10th.
On average, analysts expect that Darling Ingredients will report full year sales of $866.55 million for the current fiscal year, with estimates ranging from $3.65 billion to $3.76 billion. For the next year, analysts anticipate that the company will report sales of $3.86 billion per share, with estimates ranging from $3.83 billion to $3.88 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Darling Ingredients.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Darling Ingredients had a net margin of 3.50% and a return on equity of 1.82%. The firm had revenue of $952.55 million for the quarter, compared to analyst estimates of $896.87 million.
A number of research firms have weighed in on DAR. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Monday, March 12th. BMO Capital Markets lowered shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $19.00 to $20.00 in a research note on Thursday, March 1st. They noted that the move was a valuation call. Goldman Sachs reaffirmed a “neutral” rating on shares of Darling Ingredients in a research note on Thursday, March 1st. Finally, TheStreet lowered shares of Darling Ingredients from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.71.
Darling Ingredients stock opened at $17.99 on Monday. Darling Ingredients has a 12 month low of $14.00 and a 12 month high of $19.50. The firm has a market cap of $2,962.52, a price-to-earnings ratio of 23.36 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 1.71 and a debt-to-equity ratio of 0.73.
Several hedge funds have recently made changes to their positions in DAR. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Darling Ingredients by 54.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the company’s stock valued at $144,000 after purchasing an additional 2,808 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at about $163,000. Zeke Capital Advisors LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at about $185,000. Advisor Group Inc. raised its holdings in shares of Darling Ingredients by 34.9% in the third quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock valued at $209,000 after purchasing an additional 3,086 shares during the last quarter. Finally, MML Investors Services LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at about $223,000. Institutional investors own 99.95% of the company’s stock.
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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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