$0.07 EPS Expected for Darling Ingredients Inc (DAR) This Quarter
Brokerages expect Darling Ingredients Inc (NYSE:DAR) to report $0.07 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Darling Ingredients’ earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.06. Darling Ingredients posted earnings per share of $0.01 in the same quarter last year, which indicates a positive year-over-year growth rate of 600%. The company is expected to issue its next earnings report after the market closes on Thursday, May 11th.
On average, analysts expect that Darling Ingredients will report full year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.45 to $0.81. For the next fiscal year, analysts forecast that the business will post earnings of $0.82 per share, with EPS estimates ranging from $0.73 to $0.91. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Darling Ingredients.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Tuesday, February 28th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $887.27 million for the quarter, compared to analysts’ expectations of $841.45 million. Darling Ingredients had a return on equity of 7.34% and a net margin of 4.40%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share.
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Several brokerages recently commented on DAR. Roth Capital set a $17.00 target price on Darling Ingredients and gave the company a “buy” rating in a research report on Tuesday, February 28th. Zacks Investment Research upgraded Darling Ingredients from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, March 29th. BMO Capital Markets upped their target price on Darling Ingredients from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, March 2nd. Finally, Robert W. Baird began coverage on Darling Ingredients in a research report on Wednesday, March 22nd. They set an “outperform” rating and a $19.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $17.71.
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Several large investors have recently made changes to their positions in DAR. Catalyst Capital Advisors LLC acquired a new stake in shares of Darling Ingredients during the third quarter valued at approximately $115,000. Russell Investments Group Ltd. purchased a new position in shares of Darling Ingredients during the fourth quarter valued at about $123,000. Acrospire Investment Management LLC raised its position in shares of Darling Ingredients by 39.1% in the third quarter. Acrospire Investment Management LLC now owns 9,597 shares of the company’s stock valued at $130,000 after buying an additional 2,697 shares during the last quarter. Advisor Group Inc. raised its position in shares of Darling Ingredients by 66.5% in the third quarter. Advisor Group Inc. now owns 9,703 shares of the company’s stock valued at $131,000 after buying an additional 3,877 shares during the last quarter. Finally, First Bank & Trust purchased a new position in shares of Darling Ingredients during the fourth quarter valued at about $130,000. Institutional investors own 95.29% of the company’s stock.
Darling Ingredients (NYSE:DAR) opened at 14.99 on Thursday. Darling Ingredients has a 12-month low of $11.51 and a 12-month high of $15.93. The company has a market cap of $2.47 billion, a PE ratio of 24.18 and a beta of 1.76. The company has a 50-day moving average price of $14.41 and a 200 day moving average price of $13.47.
About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating 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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