Equities research analysts expect Darling Ingredients Inc (NYSE:DAR) to post sales of $864.83 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Darling Ingredients’ earnings, with the lowest sales estimate coming in at $839.66 million and the highest estimate coming in at $890.00 million. Darling Ingredients posted sales of $896.35 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.5%. The business is scheduled to issue its next earnings report on Wednesday, August 8th.
According to Zacks, analysts expect that Darling Ingredients will report full-year sales of $3.59 billion for the current financial year, with estimates ranging from $3.46 billion to $3.74 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.68 billion per share, with estimates ranging from $3.55 billion to $3.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Darling Ingredients.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.48. Darling Ingredients had a net margin of 6.01% and a return on equity of 5.75%. The firm had revenue of $875.40 million for the quarter, compared to the consensus estimate of $884.83 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis.
A number of equities research analysts have recently issued reports on DAR shares. ValuEngine raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, March 12th. Finally, TheStreet raised shares of Darling Ingredients from a “c+” rating to a “b” rating in a report on Tuesday, March 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.71.
Shares of Darling Ingredients opened at $19.88 on Friday, MarketBeat Ratings reports. Darling Ingredients has a 12-month low of $15.50 and a 12-month high of $20.36. The stock has a market capitalization of $3.28 billion, a PE ratio of 82.83 and a beta of 1.42. The company has a current ratio of 1.92, a quick ratio of 1.18 and a debt-to-equity ratio of 0.72.
Several institutional investors have recently made changes to their positions in DAR. Teacher Retirement System of Texas increased its position in shares of Darling Ingredients by 310.2% in the fourth quarter. Teacher Retirement System of Texas now owns 55,719 shares of the company’s stock worth $1,010,000 after purchasing an additional 42,135 shares during the last quarter. Assetmark Inc. bought a new position in shares of Darling Ingredients in the fourth quarter worth approximately $163,000. BlackRock Inc. increased its position in shares of Darling Ingredients by 1.8% in the fourth quarter. BlackRock Inc. now owns 20,938,002 shares of the company’s stock worth $379,606,000 after purchasing an additional 380,289 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Darling Ingredients in the fourth quarter worth approximately $389,000. Finally, Luminus Management LLC bought a new position in shares of Darling Ingredients in the fourth quarter worth approximately $3,057,000. 98.85% of the stock is currently owned by hedge funds and other institutional investors.
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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