Brokerages expect that Darling Ingredients Inc (NYSE:DAR) will announce $891.36 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Darling Ingredients’ earnings. The lowest sales estimate is $867.72 million and the highest is $915.00 million. Darling Ingredients reported sales of $952.55 million during the same quarter last year, which would suggest a negative year over year growth rate of 6.4%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 26th.
On average, analysts expect that Darling Ingredients will report full year sales of $3.48 billion for the current year, with estimates ranging from $3.44 billion to $3.52 billion. For the next year, analysts anticipate that the firm will report sales of $3.53 billion, with estimates ranging from $3.46 billion to $3.60 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Darling Ingredients.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Tuesday, November 6th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.13). Darling Ingredients had a net margin of 4.78% and a return on equity of 5.36%. The business had revenue of $812.58 million for the quarter, compared to the consensus estimate of $859.52 million. During the same quarter in the previous year, the company earned $0.05 EPS. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis.
Several brokerages recently commented on DAR. Zacks Investment Research lowered Darling Ingredients from a “hold” rating to a “sell” rating in a research report 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 report 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 report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $21.25.
Several institutional investors have recently made changes to their positions in the stock. American International Group Inc. raised its stake in Darling Ingredients by 1.9% during the 3rd quarter. American International Group Inc. now owns 128,827 shares of the company’s stock worth $2,489,000 after buying an additional 2,430 shares during the period. Vident Investment Advisory LLC raised its stake in Darling Ingredients by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 181,526 shares of the company’s stock worth $3,609,000 after buying an additional 2,721 shares during the period. Hilltop Holdings Inc. raised its stake in Darling Ingredients by 8.3% during the 2nd quarter. Hilltop Holdings Inc. now owns 37,189 shares of the company’s stock worth $739,000 after buying an additional 2,842 shares during the period. Advisors Asset Management Inc. raised its stake in Darling Ingredients by 7.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 45,484 shares of the company’s stock worth $904,000 after buying an additional 2,963 shares during the period. Finally, United Services Automobile Association raised its stake in Darling Ingredients by 0.7% during the 2nd quarter. United Services Automobile Association now owns 423,816 shares of the company’s stock worth $8,425,000 after buying an additional 3,117 shares during the period. Institutional investors own 99.67% of the company’s stock.
Shares of Darling Ingredients stock traded down $0.24 on Monday, hitting $21.48. 1,215,148 shares of the company’s stock traded hands, compared to its average volume of 1,600,830. Darling Ingredients has a one year low of $15.80 and a one year high of $22.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.81 and a quick ratio of 1.13. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 89.50 and a beta of 1.07.
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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