$0.27 EPS Expected for Darling Ingredients Inc (DAR) This Quarter

Wall Street analysts forecast that Darling Ingredients Inc (NYSE:DAR) will post earnings of $0.27 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Darling Ingredients’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.25. Darling Ingredients reported earnings per share of $0.10 during the same quarter last year, which would indicate a positive year-over-year growth rate of 170%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 26th.

On average, analysts expect that Darling Ingredients will report full-year earnings of $0.89 per share for the current financial year. For the next financial year, analysts expect that the firm will report earnings of $1.05 per share, with EPS estimates ranging from $0.90 to $1.24. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Darling Ingredients.

Darling Ingredients (NYSE:DAR) last released its earnings results on Tuesday, November 6th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.13). The firm had revenue of $812.58 million for the quarter, compared to analyst estimates of $859.52 million. Darling Ingredients had a return on equity of 5.36% and a net margin of 4.78%. The firm’s revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. JPMorgan Chase & Co. raised shares of Darling Ingredients from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $21.00 to $25.00 in a research report on Monday, November 19th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Darling Ingredients currently has a consensus rating of “Buy” and an average price target of $22.00.

DAR traded down $0.12 during mid-day trading on Friday, hitting $20.46. The stock had a trading volume of 651,423 shares, compared to its average volume of 1,068,803. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.06 and a current ratio of 1.81. The firm has a market cap of $3.32 billion, a PE ratio of 85.25 and a beta of 1.16. Darling Ingredients has a 1-year low of $16.36 and a 1-year high of $22.38.

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue grew its position in shares of Darling Ingredients by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 55,021 shares of the company’s stock valued at $1,058,000 after acquiring an additional 785 shares during the period. American International Group Inc. lifted its stake in shares of Darling Ingredients by 1.9% during the 3rd quarter. American International Group Inc. now owns 128,827 shares of the company’s stock worth $2,489,000 after buying an additional 2,430 shares during the last quarter. Vident Investment Advisory LLC lifted its stake in shares of Darling Ingredients by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 181,526 shares of the company’s stock worth $3,609,000 after buying an additional 2,721 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Darling Ingredients by 15.3% during the 3rd quarter. Riverhead Capital Management LLC now owns 21,904 shares of the company’s stock worth $423,000 after buying an additional 2,900 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Darling Ingredients by 7.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 45,484 shares of the company’s stock worth $904,000 after buying an additional 2,963 shares during the last quarter. 99.04% of the stock is owned by institutional investors.

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.

Further Reading: Systematic Risk

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