Andersons (ANDE) Announces Quarterly Results
Andersons (NASDAQ:ANDE) released its earnings data on Wednesday. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.61 by $0.53, Stock Ratings News reports. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis.
ANDE has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Andersons from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 6th. They now have a $81.00 price target on the stock. On the ratings front, analysts at Stephens upgraded shares of Andersons from an “equal weight” rating to an “overweight” rating in a research note on Thursday, February 6th. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Andersons in a research note on Thursday, January 9th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $76.00.
Shares of Andersons (NASDAQ:ANDE) opened at 86.19 on Wednesday. Andersons has a 1-year low of $47.32 and a 1-year high of $93.42. The stock has a 50-day moving average of $84.93 and a 200-day moving average of $76.18. The company has a market cap of $1.609 billion and a P/E ratio of 21.60.
The Andersons, Inc is a diversified company engaged in agriculture business. The Company conducts business across North America in the grain, ethanol, and plant nutrient sectors, railcar leasing, turf and cob products, and consumer retailing.
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