Andersons (ANDE) to Release Earnings on Tuesday

Andersons (NASDAQ:ANDEGet Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $54.03 on Tuesday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 31.60 and a beta of 0.67. Andersons has a 52 week low of $35.69 and a 52 week high of $58.84. The company’s 50-day moving average price is $53.91 and its 200 day moving average price is $51.95. The company has a current ratio of 1.80, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39.

Andersons Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 22nd. Investors of record on Tuesday, January 2nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.41%. This is a boost from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 29th. Andersons’s dividend payout ratio is presently 44.44%.

Insider Buying and Selling at Andersons

In other Andersons news, CEO Patrick E. Bowe sold 10,525 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $57.66, for a total value of $606,871.50. Following the transaction, the chief executive officer now directly owns 56,137 shares in the company, valued at approximately $3,236,859.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Patrick E. Bowe sold 4,406 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $56.25, for a total transaction of $247,837.50. Following the transaction, the chief executive officer now directly owns 48,917 shares in the company, valued at approximately $2,751,581.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Patrick E. Bowe sold 10,525 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $57.66, for a total transaction of $606,871.50. Following the transaction, the chief executive officer now owns 56,137 shares in the company, valued at $3,236,859.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,817 shares of company stock worth $3,214,825. Corporate insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Andersons by 2.2% during the 1st quarter. BlackRock Inc. now owns 5,650,640 shares of the basic materials company’s stock worth $283,999,000 after acquiring an additional 120,906 shares during the period. Vanguard Group Inc. raised its holdings in Andersons by 2.1% in the third quarter. Vanguard Group Inc. now owns 3,870,779 shares of the basic materials company’s stock valued at $120,110,000 after buying an additional 79,627 shares during the period. State Street Corp raised its holdings in Andersons by 1.2% in the third quarter. State Street Corp now owns 1,237,728 shares of the basic materials company’s stock valued at $38,629,000 after buying an additional 14,313 shares during the period. Invesco Ltd. raised its holdings in Andersons by 35.6% in the first quarter. Invesco Ltd. now owns 973,451 shares of the basic materials company’s stock valued at $48,926,000 after buying an additional 255,347 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Andersons by 3.7% in the second quarter. Geode Capital Management LLC now owns 661,298 shares of the basic materials company’s stock valued at $30,519,000 after buying an additional 23,642 shares during the period. 85.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ANDE shares. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Roth Capital reissued a “buy” rating and issued a $65.00 price objective on shares of Andersons in a research note on Tuesday, February 6th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $62.50.

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Andersons Company Profile

(Get Free Report)

The Andersons, Inc operates in trade, renewables, and plant nutrient sectors in the United States and internationally. It operates through three segments: Trade, Renewables, and Plant Nutrient. 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, and corn oil.

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Earnings History for Andersons (NASDAQ:ANDE)

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