The Andersons, Inc. (ANDE) Declares Quarterly Dividend of $0.11
The Andersons (NASDAQ:ANDE) declared a quarterly dividend on Thursday, August 28th, Analyst Ratings Network.com reports. Shareholders of record on Wednesday, October 1st will be given a dividend of 0.11 per share on Wednesday, October 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.66%.
A number of analysts have recently weighed in on ANDE shares. Analysts at BMO Capital Markets raised their price target on shares of The Andersons from $56.00 to $65.00 in a research note on Friday, August 8th. On a related note, analysts at Zacks reiterated an “outperform” rating on shares of The Andersons in a research note on Friday, August 8th. They now have a $72.00 price target on the stock. Finally, analysts at Feltl & Co. upgraded shares of The Andersons from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The Andersons has a consensus rating of “Buy” and a consensus target price of $64.75.
The Andersons (NASDAQ:ANDE) traded up 0.34% on Thursday, hitting $67.17. The stock had a trading volume of 163,907 shares. The Andersons has a 52 week low of $42.4533 and a 52 week high of $67.87. The stock has a 50-day moving average of $58.55 and a 200-day moving average of $56.17. The company has a market cap of $1.898 billion and a P/E ratio of 16.53. The Andersons also was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 679,091 shares, a decline of 30.0% from the July 31st total of 970,657 shares. Based on an average daily volume of 340,366 shares, the short-interest ratio is currently 2.0 days. Currently, 2.6% of the shares of the company are sold short.
The Andersons (NASDAQ:ANDE) last announced its earnings results on Wednesday, August 6th. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.40. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was down 16.3% on a year-over-year basis. Analysts expect that The Andersons will post $4.36 EPS for the current fiscal year.
In other The Andersons news, VP Anne G. Rex unloaded 1,500 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $66.69, for a total value of $100,035.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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