Wall Street analysts expect Darling Ingredients Inc (NYSE:DAR) to report $913.78 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Darling Ingredients’ earnings, with the lowest sales estimate coming in at $885.00 million and the highest estimate coming in at $929.75 million. Darling Ingredients posted sales of $887.28 million in the same quarter last year, which would indicate a positive year over year growth rate of 3%. The business is expected to announce its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Darling Ingredients will report full year sales of $913.78 million for the current fiscal year, with estimates ranging from $3.60 billion to $3.64 billion. For the next year, analysts anticipate that the firm will report sales of $3.74 billion per share, with estimates ranging from $3.65 billion to $3.83 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Darling Ingredients.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The business had revenue of $937.70 million during the quarter, compared to analyst estimates of $870.50 million. During the same quarter last year, the business earned $0.17 earnings per share. Darling Ingredients’s revenue for the quarter was up 9.8% on a year-over-year basis.

A number of analysts have recently issued reports on the stock. Robert W. Baird reiterated an “outperform” rating and issued a $20.00 price objective on shares of Darling Ingredients in a report on Wednesday, August 23rd. J P Morgan Chase & Co set a $19.00 price objective on shares of Darling Ingredients and gave the company a “buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Roth Capital set a $20.00 price objective on shares of Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Canaccord Genuity lifted their price objective on shares of Darling Ingredients from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.33.

Several large investors have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Darling Ingredients by 1,090.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock valued at $73,168,000 after buying an additional 3,825,542 shares in the last quarter. Walthausen & Co. LLC bought a new position in shares of Darling Ingredients in the third quarter valued at $20,579,000. California Public Employees Retirement System grew its stake in shares of Darling Ingredients by 7.9% in the third quarter. California Public Employees Retirement System now owns 273,373 shares of the company’s stock valued at $4,789,000 after buying an additional 20,073 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Darling Ingredients by 1,549.6% in the third quarter. Cubist Systematic Strategies LLC now owns 67,881 shares of the company’s stock valued at $1,189,000 after buying an additional 63,766 shares in the last quarter. Finally, Earnest Partners LLC bought a new position in shares of Darling Ingredients in the third quarter valued at $69,809,000. 98.06% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients (NYSE:DAR) traded up $0.02 during midday trading on Thursday, hitting $18.17. 1,408,300 shares of the stock were exchanged, compared to its average volume of 1,181,597. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. Darling Ingredients has a 12 month low of $11.51 and a 12 month high of $18.65. The firm has a market capitalization of $2,990.00, a P/E ratio of 46.54 and a beta of 1.52.

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Darling Ingredients Company Profile

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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