Analysts forecast that Darling Ingredients (NYSE:DAR) will announce earnings per share (EPS) of $0.42 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Darling Ingredients’ earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.10. Darling Ingredients posted earnings of $0.04 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 950%. The business is expected to report its next quarterly earnings results on Thursday, May 10th.
On average, analysts expect that Darling Ingredients will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.70 to $1.19. For the next financial year, analysts expect that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.77 to $1.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Darling Ingredients.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $952.55 million for the quarter, compared to analyst estimates of $896.87 million. Darling Ingredients had a net margin of 3.50% and a return on equity of 1.82%.
DAR has been the topic of several analyst reports. Goldman Sachs reaffirmed a “neutral” rating on shares of Darling Ingredients in a research report on Thursday, March 1st. Zacks Investment Research downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. TheStreet upgraded shares of Darling Ingredients from a “c+” rating to a “b” rating in a report on Tuesday, March 20th. BMO Capital Markets downgraded shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Darling Ingredients currently has an average rating of “Buy” and a consensus price target of $19.71.
Shares of DAR stock traded down $0.26 during trading on Tuesday, hitting $17.08. 669,122 shares of the stock traded hands, compared to its average volume of 755,115. The firm has a market cap of $2,812.67, a PE ratio of 71.17 and a beta of 1.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.71. Darling Ingredients has a 52-week low of $14.19 and a 52-week high of $19.50.
A number of institutional investors have recently bought and sold shares of DAR. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Darling Ingredients by 54.9% in the 4th 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. acquired a new stake in Darling Ingredients in the 4th quarter valued at approximately $163,000. Zeke Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the fourth quarter worth $185,000. MML Investors Services LLC acquired a new position in shares of Darling Ingredients in the fourth quarter worth $223,000. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of Darling Ingredients in the fourth quarter worth $237,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/08/0-42-earnings-per-share-expected-for-darling-ingredients-dar-this-quarter.html.
About Darling Ingredients
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
Get a free copy of the Zacks research report on Darling Ingredients (DAR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.