Analysts Expect Darling Ingredients Inc. (DAR) to Announce $0.09 EPS
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.
TRADEMARK VIOLATION WARNING: “Analysts Expect Darling Ingredients Inc. (DAR) to Announce $0.09 EPS” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/07/26/analysts-expect-darling-ingredients-inc-dar-to-announce-0-09-eps.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Darling Ingredients Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients Inc. and related companies with MarketBeat.com's FREE daily email newsletter.