$0.65 EPS Expected for The Andersons, Inc. (ANDE) This Quarter
Wall Street brokerages expect that The Andersons, Inc. (NASDAQ:ANDE) will report $0.65 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for The Andersons’ earnings. The Andersons reported earnings per share of $0.51 in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.5%. The business is scheduled to announce its next earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that The Andersons will report full-year earnings of $1.75 per share for the current financial year. For the next financial year, analysts anticipate that the business will post earnings of $2.35 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow The Andersons.
Several research firms recently commented on ANDE. Zacks Investment Research raised The Andersons from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub cut The Andersons from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets decreased their target price on The Andersons from $41.00 to $39.00 and set a “market perform” rating for the company in a research note on Monday, May 15th.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of The Andersons by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,890 shares of the basic materials company’s stock valued at $109,000 after buying an additional 50 shares during the last quarter. Fifth Third Bancorp raised its position in shares of The Andersons by 4.6% in the first quarter. Fifth Third Bancorp now owns 3,463 shares of the basic materials company’s stock valued at $131,000 after buying an additional 153 shares during the last quarter. Botty Investors LLC purchased a new position in shares of The Andersons during the first quarter valued at about $142,000. FNY Partners Fund LP purchased a new position in shares of The Andersons during the first quarter valued at about $189,000. Finally, SG Americas Securities LLC raised its position in shares of The Andersons by 119.3% in the first quarter. SG Americas Securities LLC now owns 5,727 shares of the basic materials company’s stock valued at $217,000 after buying an additional 3,115 shares during the last quarter. Institutional investors and hedge funds own 74.26% of the company’s stock.
The Andersons (NASDAQ:ANDE) opened at 33.65 on Monday. The company has a market cap of $951.66 million, a PE ratio of 41.39 and a beta of 1.23. The stock’s 50 day moving average price is $35.03 and its 200 day moving average price is $37.81. The Andersons has a 12-month low of $31.92 and a 12-month high of $44.90.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 24th. Shareholders of record on Monday, July 3rd will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.64 annualized dividend and a yield of 1.90%. The Andersons’s payout ratio is currently 78.05%.
The Andersons Company Profile
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.
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