Brokerages forecast that Andersons Inc (NASDAQ:ANDE) will report earnings of $0.38 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Andersons’ earnings. Andersons reported earnings of $0.36 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Andersons will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $1.25. For the next year, analysts forecast that the business will report earnings of $1.83 per share, with EPS estimates ranging from $1.40 to $2.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Andersons.

Andersons (NASDAQ:ANDE) last released its earnings results on Monday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). The business had revenue of $836.60 million during the quarter, compared to the consensus estimate of $899.95 million. Andersons had a negative net margin of 0.45% and a positive return on equity of 3.91%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share.

Several equities analysts have recently issued reports on ANDE shares. Buckingham Research lowered Andersons from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. BMO Capital Markets reduced their target price on Andersons from $39.00 to $34.00 and set a “market perform” rating for the company in a report on Wednesday, November 8th. Zacks Investment Research lowered Andersons from a “hold” rating to a “strong sell” rating in a report on Thursday, November 16th. Finally, BidaskClub lowered Andersons from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Andersons has an average rating of “Hold” and a consensus price target of $34.50.

Several hedge funds have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC grew its holdings in Andersons by 413.0% during the third quarter. IndexIQ Advisors LLC now owns 3,360 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 2,705 shares during the period. Sei Investments Co. grew its holdings in Andersons by 25.0% during the second quarter. Sei Investments Co. now owns 5,027 shares of the basic materials company’s stock valued at $172,000 after purchasing an additional 1,006 shares during the period. SG Americas Securities LLC grew its holdings in Andersons by 82.7% during the third quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 2,489 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Andersons by 10.2% during the second quarter. Public Employees Retirement System of Ohio now owns 5,928 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 549 shares during the period. Finally, Candriam Luxembourg S.C.A. bought a new position in Andersons during the second quarter valued at $239,000. 77.79% of the stock is owned by institutional investors.

Andersons (ANDE) opened at $31.40 on Friday. The stock has a market capitalization of $914.48, a P/E ratio of 30.42 and a beta of 1.29. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. Andersons has a twelve month low of $29.60 and a twelve month high of $44.90.

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About Andersons

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. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.

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