$0.38 EPS Expected for Andersons Inc (ANDE) This Quarter

Wall Street analysts expect Andersons Inc (NASDAQ:ANDE) to post earnings per share of $0.38 for the current quarter, according to Zacks. Zero analysts have issued estimates for Andersons’ earnings. Andersons posted earnings of $0.36 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.6%. The firm is expected to announce its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Andersons will report full-year earnings of $0.89 per share for the current financial year, with EPS estimates ranging from $0.88 to $0.90. For the next financial year, analysts expect that the company will post earnings of $1.63 per share, with EPS estimates ranging from $1.40 to $1.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Andersons.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). Andersons had a positive return on equity of 3.91% and a negative net margin of 0.45%. The company had revenue of $836.60 million for the quarter, compared to the consensus estimate of $899.95 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was down 2.7% compared to the same quarter last year.

ANDE has been the topic of several analyst reports. Zacks Investment Research raised Andersons from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. BMO Capital Markets cut their target price on Andersons from $39.00 to $34.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 8th. Finally, Buckingham Research cut Andersons from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Andersons has an average rating of “Hold” and an average target price of $34.50.

Shares of Andersons (ANDE) opened at $31.15 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.56 and a current ratio of 1.36. Andersons has a 52 week low of $29.60 and a 52 week high of $44.75. The firm has a market capitalization of $883.29, a P/E ratio of -51.92 and a beta of 1.29.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.165 per share. This is a boost from Andersons’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, December 29th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.12%. Andersons’s dividend payout ratio is currently -106.66%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its holdings in shares of Andersons by 1.7% in the second quarter. Aperio Group LLC now owns 7,264 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 119 shares during the period. Sei Investments Co. boosted its holdings in shares of Andersons by 25.0% in the second quarter. Sei Investments Co. now owns 5,027 shares of the basic materials company’s stock valued at $172,000 after purchasing an additional 1,006 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Andersons by 11.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 282,634 shares of the basic materials company’s stock valued at $9,652,000 after purchasing an additional 28,580 shares during the period. Arizona State Retirement System boosted its holdings in shares of Andersons by 0.7% in the second quarter. Arizona State Retirement System now owns 13,761 shares of the basic materials company’s stock valued at $470,000 after purchasing an additional 100 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Andersons in the second quarter valued at approximately $1,028,000. 77.75% of the stock is currently owned by hedge funds and other institutional investors.

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About Andersons

The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.

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