Darling Ingredients (DAR) Releases Earnings Results, Misses Expectations By $0.13 EPS

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.

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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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Earnings History for Darling Ingredients (NYSE:DAR)

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