Wall Street analysts expect that Darling Ingredients Inc (NYSE:DAR) will post $863.85 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Darling Ingredients’ earnings. The lowest sales estimate is $842.70 million and the highest is $885.00 million. Darling Ingredients posted sales of $875.37 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 8th.
On average, analysts expect that Darling Ingredients will report full-year sales of $3.54 billion for the current year, with estimates ranging from $3.48 billion to $3.60 billion. For the next year, analysts forecast that the firm will report sales of $3.73 billion, with estimates ranging from $3.58 billion to $3.87 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Darling Ingredients.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Wednesday, February 27th. The company reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The business had revenue of $853.13 million for the quarter, compared to the consensus estimate of $889.24 million. Darling Ingredients had a net margin of 3.00% and a return on equity of 6.35%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share.
Separately, Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a report on Thursday, January 3rd.
DAR stock traded down $0.05 during trading on Monday, reaching $21.73. 510,985 shares of the company were exchanged, compared to its average volume of 1,004,770. The company has a market cap of $3.58 billion, a P/E ratio of 24.42 and a beta of 1.17. Darling Ingredients has a 52-week low of $16.36 and a 52-week high of $22.62. The company has a current ratio of 1.66, a quick ratio of 1.03 and a debt-to-equity ratio of 0.71.
In related news, Chairman Randall C. Stuewe sold 21,060 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $22.00, for a total transaction of $463,320.00. Following the sale, the chairman now owns 798,989 shares of the company’s stock, valued at $17,577,758. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Randall C. Stuewe sold 68,940 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $21.02, for a total transaction of $1,449,118.80. Following the sale, the chief executive officer now directly owns 780,680 shares in the company, valued at approximately $16,409,893.60. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. purchased a new position in shares of Darling Ingredients in the 3rd quarter worth about $348,000. Bank of New York Mellon Corp boosted its holdings in Darling Ingredients by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,040,638 shares of the company’s stock valued at $58,744,000 after acquiring an additional 47,086 shares during the period. Martingale Asset Management L P purchased a new stake in Darling Ingredients during the 3rd quarter valued at about $476,000. Hsbc Holdings PLC purchased a new stake in Darling Ingredients during the 3rd quarter valued at about $319,000. Finally, GSA Capital Partners LLP purchased a new stake in Darling Ingredients during the 3rd quarter valued at about $548,000. Institutional investors own 99.04% of the company’s stock.
About Darling Ingredients
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers 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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