Darling International (DAR) Posts Quarterly Results
Darling International (NYSE:DAR) posted its quarterly earnings results on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.04, American Banking News.com reports. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $993.02 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 99.8% on a year-over-year basis.
A number of analysts have recently weighed in on DAR shares. Analysts at Goldman Sachs upgraded shares of Darling International from a “buy” rating to a “conviction-buy” rating in a research note on Monday, June 23rd. They now have a $20.66 price target on the stock, down previously from $25.00. Analysts at TheStreet downgraded shares of Darling International from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Darling International presently has an average rating of “Buy” and a consensus target price of $22.67.
Darling International (NYSE:DAR) traded down 1.33% on Thursday, hitting $18.60. 1,948,113 shares of the company’s stock traded hands. Darling International has a 52 week low of $18.34 and a 52 week high of $23.95. The stock has a 50-day moving average of $19.86 and a 200-day moving average of $19.95. The company has a market cap of $3.061 billion and a P/E ratio of 104.14. Darling International also saw unusually large options trading on Tuesday. Traders bought 7,504 call options on the company. This is an increase of approximately 920% compared to the average daily volume of 736 call options.
Darling International Inc (NYSE:DAR) is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions.
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