Zacks: Analysts Expect Darling Ingredients Inc. (NYSE:DAR) Will Announce Quarterly Sales of $885.93 Million
Analysts expect Darling Ingredients Inc. (NYSE:DAR) to post $885.93 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Darling Ingredients’ earnings. The highest sales estimate is $890.98 million and the lowest is $876.80 million. Darling Ingredients posted sales of $877.34 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The business is scheduled to report its next quarterly earnings report on Thursday, August 10th.
According to Zacks, analysts expect that Darling Ingredients will report full-year sales of $885.93 million for the current financial year, with estimates ranging from $3.50 billion to $3.57 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.68 billion per share, with estimates ranging from $3.59 billion to $3.78 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Darling Ingredients.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, May 11th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.03. Darling Ingredients had a return on equity of 5.15% and a net margin of 3.06%. The company had revenue of $880.10 million for the quarter, compared to analyst estimates of $842.52 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year.
Several equities research analysts recently commented on the company. BMO Capital Markets reiterated a “buy” rating and set a $19.00 target price on shares of Darling Ingredients in a report on Tuesday, May 16th. 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 report on Wednesday, March 29th. TheStreet upgraded Darling Ingredients from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Canaccord Genuity reiterated a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a report on Monday, May 15th. Finally, Roth Capital set a $17.00 target price on Darling Ingredients and gave the company a “buy” rating in a report on Monday, March 20th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.67.
In other Darling Ingredients news, CFO Patrick C. Lynch acquired 19,710 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $15.20 per share, for a total transaction of $299,592.00. Following the acquisition, the chief financial officer now directly owns 110,138 shares of the company’s stock, valued at $1,674,097.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patrick C. Lynch acquired 18,820 shares of the company’s stock in a transaction on Friday, May 19th. The shares were acquired at an average price of $15.93 per share, for a total transaction of $299,802.60. Following the completion of the acquisition, the chief financial officer now directly owns 128,958 shares in the company, valued at $2,054,300.94. The disclosure for this purchase can be found here. Insiders have acquired a total of 56,867 shares of company stock worth $899,938 over the last 90 days. 1.95% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of DAR. Russell Investments Group Ltd. acquired a new stake in Darling Ingredients during the fourth quarter valued at about $123,000. Neuburgh Advisers LLC increased its stake in Darling Ingredients by 4.9% in the first quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock valued at $136,000 after buying an additional 440 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Darling Ingredients during the first quarter valued at about $146,000. Miles Capital Inc. increased its stake in Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock valued at $147,000 after buying an additional 28 shares in the last quarter. Finally, World Asset Management Inc increased its stake in Darling Ingredients by 0.9% in the first quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after buying an additional 94 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.
Darling Ingredients (DAR) opened at 15.74 on Friday. Darling Ingredients has a 12 month low of $11.51 and a 12 month high of $16.61. The firm has a market capitalization of $2.59 billion, a P/E ratio of 24.25 and a beta of 1.69. The stock’s 50 day moving average price is $15.83 and its 200-day moving average price is $14.22.
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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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