Andersons (NASDAQ:ANDE) issued its quarterly earnings data on Monday. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18), Briefing.com reports. The company had revenue of $685.60 million for the quarter, compared to analysts’ expectations of $839.00 million. Andersons had a return on equity of 4.92% and a net margin of 2.68%. The company’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share.
Andersons stock traded down $1.52 during midday trading on Tuesday, reaching $35.48. The company’s stock had a trading volume of 20,991 shares, compared to its average volume of 108,449. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 1.34. Andersons has a 52-week low of $29.60 and a 52-week high of $41.70. The stock has a market cap of $1.04 billion, a PE ratio of 30.85 and a beta of 1.24.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 22nd. Shareholders of record on Monday, October 1st were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, September 28th. Andersons’s dividend payout ratio (DPR) is presently 57.39%.
In other Andersons news, insider Corbett J. Jorgenson sold 1,300 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $37.90, for a total value of $49,270.00. Following the completion of the sale, the insider now directly owns 18,399 shares in the company, valued at $697,322.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ANDE. Piedmont Investment Advisors LLC purchased a new stake in Andersons in the second quarter valued at about $212,000. Luminus Management LLC purchased a new stake in Andersons in the second quarter valued at about $239,000. Sei Investments Co. raised its stake in Andersons by 4,996.6% in the second quarter. Sei Investments Co. now owns 7,390 shares of the basic materials company’s stock valued at $253,000 after buying an additional 7,245 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Andersons in the second quarter valued at about $291,000. Finally, SG Americas Securities LLC raised its stake in Andersons by 95.4% in the second quarter. SG Americas Securities LLC now owns 9,394 shares of the basic materials company’s stock valued at $321,000 after buying an additional 4,586 shares during the last quarter. Institutional investors own 80.35% of the company’s stock.
A number of equities research analysts recently weighed in on ANDE shares. Buckingham Research upped their price objective on Andersons from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. TheStreet upgraded Andersons from a “c” rating to a “b” rating in a research note on Friday, August 10th. BMO Capital Markets upped their price objective on Andersons from $36.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday, August 9th. BidaskClub cut Andersons from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Finally, ValuEngine cut Andersons from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.33.
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Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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