The Andersons, Inc. (ANDE) Scheduled to Post Earnings on Monday
The Andersons, Inc. (NASDAQ:ANDE) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect The Andersons to post earnings of $0.23 per share for the quarter.
The Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.17). The Andersons had a negative net margin of 0.47% and a positive return on equity of 3.77%. The firm had revenue of $993.70 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business posted $0.51 EPS. The company’s revenue was down 6.6% on a year-over-year basis. On average, analysts expect The Andersons to post $1.34 EPS for the current fiscal year and $2.23 EPS for the next fiscal year.
Shares of The Andersons, Inc. (NASDAQ ANDE) opened at 36.90 on Monday. The Andersons, Inc. has a 52 week low of $30.80 and a 52 week high of $44.90. The firm has a 50-day moving average price of $34.64 and a 200-day moving average price of $34.47. The firm’s market cap is $1.05 billion.
The business also recently declared a quarterly dividend, which was paid on Monday, October 23rd. Investors of record on Monday, October 2nd were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.73%. The Andersons’s payout ratio is currently -101.59%.
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Several research firms recently weighed in on ANDE. BidaskClub downgraded The Andersons from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded The Andersons from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Stephens downgraded The Andersons from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $42.00 to $35.00 in a research note on Monday, August 7th.
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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