$0.42 Earnings Per Share Expected for Darling Ingredients (DAR) This Quarter

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.

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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.

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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.

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