Darling Ingredients Inc (DAR) Expected to Post Quarterly Sales of $913.78 Million
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.
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.
ILLEGAL ACTIVITY WARNING: “Darling Ingredients Inc (DAR) Expected to Post Quarterly Sales of $913.78 Million” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/12/07/darling-ingredients-inc-dar-expected-to-post-quarterly-sales-of-913-78-million-2.html.
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.
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.