Equities analysts expect Darling Ingredients (NYSE:DAR) to report $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Darling Ingredients’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.10. Darling Ingredients reported earnings per share of $0.04 during the same quarter last year, which indicates a positive year-over-year growth rate of 950%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 9th.
According to Zacks, analysts expect that Darling Ingredients will report full-year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.70 to $1.19. For the next fiscal year, analysts forecast that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.77 to $1.00. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Darling Ingredients.
Darling Ingredients (NYSE:DAR) last released its 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. Darling Ingredients had a net margin of 3.50% and a return on equity of 1.82%. The company had revenue of $952.55 million for the quarter, compared to analyst estimates of $896.87 million.
DAR has been the topic of several recent research reports. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, March 12th. Goldman Sachs reaffirmed a “neutral” rating and set a $19.00 target price on shares of Darling Ingredients in a report on Wednesday, February 28th. TheStreet lowered shares of Darling Ingredients from a “b-” rating to a “c+” rating in a report on Monday, February 12th. BMO Capital Markets lowered shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call. Finally, ValuEngine raised 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 assigned a buy rating to the company’s stock. Darling Ingredients has an average rating of “Buy” and an average target price of $19.71.
Shares of DAR stock traded up $0.05 on Friday, hitting $17.20. 1,040,568 shares of the company’s stock traded hands, compared to its average volume of 994,162. 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 one year low of $14.62 and a one year high of $19.50. The firm has a market cap of $2,837.37, a P/E ratio of 71.63 and a beta of 1.41.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Darling Ingredients by 1.8% during the 4th quarter. BlackRock Inc. now owns 20,938,002 shares of the company’s stock valued at $379,606,000 after acquiring an additional 380,289 shares during the period. Earnest Partners LLC lifted its position in Darling Ingredients by 13.6% during the 4th quarter. Earnest Partners LLC now owns 4,524,951 shares of the company’s stock valued at $82,037,000 after acquiring an additional 540,447 shares during the period. Jennison Associates LLC lifted its position in Darling Ingredients by 1.4% during the 4th quarter. Jennison Associates LLC now owns 2,789,602 shares of the company’s stock valued at $50,575,000 after acquiring an additional 39,693 shares during the period. Fisher Asset Management LLC raised its holdings in Darling Ingredients by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 2,311,492 shares of the company’s stock worth $41,907,000 after buying an additional 68,046 shares during the last quarter. Finally, Brenner West Capital Advisors LP purchased a new position in Darling Ingredients in the fourth quarter worth about $37,601,000. 99.81% of the stock is owned by institutional investors.
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Darling Ingredients Company Profile
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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