Darling Ingredients (NYSE:DAR) announced its quarterly earnings data on Tuesday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13), Briefing.com reports. Darling Ingredients had a net margin of 4.99% and a return on equity of 6.01%. The company had revenue of $812.58 million for the quarter, compared to analyst estimates of $859.52 million. During the same quarter last year, the company posted $0.05 EPS. Darling Ingredients’s revenue was down 13.2% on a year-over-year basis.
NYSE:DAR traded up $0.99 during trading hours on Wednesday, hitting $21.66. 137,421 shares of the stock traded hands, compared to its average volume of 1,344,011. The company has a quick ratio of 1.13, a current ratio of 1.90 and a debt-to-equity ratio of 0.72. Darling Ingredients has a fifty-two week low of $15.80 and a fifty-two week high of $21.50. The company has a market cap of $3.45 billion, a P/E ratio of 90.21 and a beta of 1.07.
DAR has been the subject of a number of recent research reports. Zacks Investment Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, July 11th. BMO Capital Markets increased their price objective on Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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 issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.25.
TRADEMARK VIOLATION NOTICE: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/11/07/darling-ingredients-dar-releases-earnings-results-misses-expectations-by-0-13-eps.html.
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.
Read More: Bear Market – How and Why They Occur
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.