Darling Ingredients (NYSE:DAR) Posts Earnings Results, Beats Estimates By $0.15 EPS

Darling Ingredients (NYSE:DAR) announced its quarterly earnings data on Thursday. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.48 by $0.15, Zacks reports. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%.

Darling Ingredients Trading Up 6.7 %

Shares of Darling Ingredients stock traded up $2.40 during mid-day trading on Thursday, hitting $38.45. 3,299,112 shares of the stock were exchanged, compared to its average volume of 2,092,456. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 23.73 and a beta of 1.21. Darling Ingredients has a twelve month low of $32.55 and a twelve month high of $48.39. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a 50-day simple moving average of $35.56 and a 200 day simple moving average of $37.45.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stephens reissued an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler decreased their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and an average target price of $53.22.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.