Analysts expect Darling Ingredients Inc (NYSE:DAR) to announce $0.09 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Darling Ingredients’ earnings, with estimates ranging from $0.06 to $0.14. Darling Ingredients posted earnings of $0.05 per share in the same quarter last year, which suggests a positive year over year growth rate of 80%. The company is scheduled to report its next earnings report after the market closes on Wednesday, November 7th.
On average, analysts expect that Darling Ingredients will report full year earnings of $0.91 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.93 per share, with EPS estimates ranging from $0.82 to $1.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Darling Ingredients.
Darling Ingredients (NYSE:DAR) last released its earnings results on Wednesday, August 8th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $846.65 million for the quarter, compared to analysts’ expectations of $868.36 million. Darling Ingredients had a return on equity of 6.01% and a net margin of 4.99%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share.
A number of research firms have recently commented on DAR. Zacks Investment Research cut Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. BMO Capital Markets upped their target price on Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, August 10th. Finally, JPMorgan Chase & Co. upped their target price on Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.00.
DAR opened at $20.63 on Friday. The company has a market cap of $3.45 billion, a PE ratio of 24.96 and a beta of 1.07. Darling Ingredients has a one year low of $15.80 and a one year high of $21.50. The company has a current ratio of 1.90, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vigilant Capital Management LLC purchased a new stake in shares of Darling Ingredients in the second quarter valued at approximately $104,000. Bowling Portfolio Management LLC purchased a new stake in shares of Darling Ingredients in the third quarter valued at approximately $201,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Darling Ingredients by 85.0% in the first quarter. Cubist Systematic Strategies LLC now owns 11,125 shares of the company’s stock valued at $192,000 after purchasing an additional 5,112 shares during the period. MAI Capital Management purchased a new stake in shares of Darling Ingredients in the second quarter valued at approximately $242,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Darling Ingredients in the first quarter valued at approximately $247,000. 99.67% 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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