Andersons (ANDE) Scheduled to Post Earnings on Tuesday

Andersons (NASDAQ:ANDE) will release its earnings data after the market closes on Tuesday, May 7th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.48. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The company’s quarterly revenue was down 31.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. On average, analysts expect Andersons to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Andersons Trading Up 0.9 %

Shares of Andersons stock opened at $56.51 on Monday. The business has a fifty day simple moving average of $56.02 and a 200-day simple moving average of $53.83. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 19.22 and a beta of 0.69. Andersons has a fifty-two week low of $35.69 and a fifty-two week high of $61.46. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons’s payout ratio is 25.85%.

Insider Buying and Selling at Andersons

In related news, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the sale, the chief executive officer now directly owns 83,515 shares of the company’s stock, valued at approximately $4,631,741.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Andersons news, CEO Patrick E. Bowe sold 34,597 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the transaction, the chief executive officer now owns 83,515 shares in the company, valued at approximately $4,631,741.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $55.22, for a total transaction of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares of the company’s stock, valued at approximately $5,005,858.66. The disclosure for this sale can be found here. Insiders have sold a total of 45,245 shares of company stock valued at $2,534,099 in the last three months. 5.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ANDE has been the topic of a number of research reports. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Roth Capital reissued a “buy” rating and set a $65.00 price objective on shares of Andersons in a research note on Tuesday, February 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Andersons presently has an average rating of “Buy” and a consensus target price of $62.50.

About Andersons

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.