Brokerages predict that Darling Ingredients Inc. (NYSE:DAR) will post earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Darling Ingredients’ earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.12. Darling Ingredients posted earnings of $0.19 per share during the same quarter last year, which suggests a negative year over year growth rate of 52.6%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, August 9th.

According to Zacks, analysts expect that Darling Ingredients will report full-year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.39 to $0.58. For the next fiscal year, analysts anticipate that the business will report earnings of $0.77 per share, with EPS estimates ranging from $0.68 to $0.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Darling Ingredients.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, May 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Darling Ingredients had a net margin of 3.06% and a return on equity of 5.15%. The firm had revenue of $880.10 million during the quarter, compared to analyst estimates of $842.52 million. During the same period in the prior year, the company earned $0.01 EPS. The business’s quarterly revenue was up 12.9% compared to the same quarter last year.

A number of analysts have commented on DAR shares. TheStreet upgraded Darling Ingredients from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a research report on Monday, May 8th. Zacks Investment Research upgraded Darling Ingredients from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, March 29th. BMO Capital Markets restated a “buy” rating and issued a $19.00 price target on shares of Darling Ingredients in a research report on Tuesday, May 16th. Finally, BidaskClub upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.67.

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In other Darling Ingredients news, CFO Patrick C. Lynch acquired 18,820 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was purchased at an average price of $15.93 per share, with a total value of $299,802.60. Following the completion of the purchase, the chief financial officer now directly owns 128,958 shares in the company, valued at approximately $2,054,300.94. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Patrick C. Lynch acquired 19,710 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of $15.20 per share, with a total value of $299,592.00. Following the purchase, the chief financial officer now owns 110,138 shares of the company’s stock, valued at $1,674,097.60. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 56,867 shares of company stock valued at $899,938. Corporate insiders own 1.95% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DAR. Clinton Group Inc. raised its position in Darling Ingredients by 148.7% in the first quarter. Clinton Group Inc. now owns 25,363 shares of the company’s stock worth $368,000 after buying an additional 15,164 shares during the period. Everence Capital Management Inc. acquired a new position in Darling Ingredients during the first quarter worth $170,000. Miles Capital Inc. raised its position in Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock worth $147,000 after buying an additional 28 shares during the period. Prudential Financial Inc. raised its position in Darling Ingredients by 9.0% in the first quarter. Prudential Financial Inc. now owns 1,062,081 shares of the company’s stock worth $15,421,000 after buying an additional 88,060 shares during the period. Finally, CFO4Life Group LLC acquired a new position in Darling Ingredients during the first quarter worth $3,063,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients (NYSE DAR) traded down 1.60% on Wednesday, hitting $16.61. The stock had a trading volume of 729,576 shares. Darling Ingredients has a 1-year low of $11.51 and a 1-year high of $16.94. The company has a 50-day moving average price of $16.10 and a 200-day moving average price of $14.60. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 25.55 and a beta of 1.61.

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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