Darling Ingredients (NYSE:DAR) will be issuing its quarterly earnings data after the market closes on Tuesday, November 6th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Darling Ingredients (NYSE:DAR) last posted its earnings results on Wednesday, August 8th. The company reported $0.11 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.11. Darling Ingredients had a return on equity of 6.01% and a net margin of 4.99%. The company had revenue of $846.65 million for the quarter, compared to analyst estimates of $868.36 million. During the same quarter last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, analysts expect Darling Ingredients to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
DAR stock opened at $20.97 on Friday. Darling Ingredients has a twelve month low of $15.80 and a twelve month high of $21.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.90. The company has a market capitalization of $3.45 billion, a PE ratio of 24.96 and a beta of 1.07.
DAR has been the topic of a number of recent research reports. Zacks Investment Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 31st. JPMorgan Chase & Co. raised their target price on Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Finally, BMO Capital Markets raised their target price on Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.00.
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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