Darling Ingredients Inc. (NYSE:DAR) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 7th. Analysts expect Darling Ingredients to post earnings of $0.08 per share for the quarter.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). The firm had revenue of $896.30 million for the quarter, compared to analyst estimates of $890.91 million. Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. On average, analysts expect Darling Ingredients to post $0.27 EPS for the current fiscal year and $0.71 EPS for the next fiscal year.
Shares of Darling Ingredients Inc. (NYSE DAR) opened at 17.79 on Tuesday. The company’s 50-day moving average price is $17.51 and its 200-day moving average price is $16.46. Darling Ingredients Inc. has a 52-week low of $11.51 and a 52-week high of $18.65. The stock has a market cap of $2.93 billion, a PE ratio of 34.95 and a beta of 1.57.
DAR has been the subject of several analyst reports. J P Morgan Chase & Co downgraded Darling Ingredients from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $18.00 in a report on Friday, October 6th. Zacks Investment Research downgraded Darling Ingredients from a “buy” rating to a “sell” rating in a report on Monday, October 16th. Roth Capital set a $20.00 target price on Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.00.
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About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating 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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