Zacks: Brokerages Expect Darling Ingredients Inc (NYSE:DAR) to Post $0.22 EPS

Wall Street brokerages predict that Darling Ingredients Inc (NYSE:DAR) will announce earnings of $0.22 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Darling Ingredients’ earnings, with estimates ranging from $0.21 to $0.24. Darling Ingredients reported earnings per share of $0.24 during the same quarter last year, which would suggest a negative year over year growth rate of 8.3%. The company is expected to announce its next earnings report on Wednesday, February 26th.

On average, analysts expect that Darling Ingredients will report full year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.66. For the next financial year, analysts forecast that the firm will post earnings of $0.97 per share, with EPS estimates ranging from $0.79 to $1.20. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Darling Ingredients.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $842.05 million during the quarter, compared to the consensus estimate of $834.01 million. Darling Ingredients had a return on equity of 4.67% and a net margin of 3.30%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned ($0.04) EPS.

A number of equities analysts recently commented on DAR shares. ValuEngine downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

NYSE:DAR traded down $0.02 during trading hours on Wednesday, reaching $23.79. The company’s stock had a trading volume of 659,400 shares, compared to its average volume of 894,210. The company has a market capitalization of $3.90 billion, a P/E ratio of 26.73 and a beta of 1.26. Darling Ingredients has a 12 month low of $17.99 and a 12 month high of $24.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.84 and a current ratio of 1.43. The stock has a 50 day moving average price of $21.27 and a two-hundred day moving average price of $19.96.

Several hedge funds have recently modified their holdings of the company. MAI Capital Management increased its position in shares of Darling Ingredients by 4.6% during the second quarter. MAI Capital Management now owns 12,356 shares of the company’s stock worth $246,000 after purchasing an additional 540 shares in the last quarter. Private Capital Group LLC increased its position in shares of Darling Ingredients by 16.7% during the second quarter. Private Capital Group LLC now owns 3,782 shares of the company’s stock worth $75,000 after purchasing an additional 541 shares in the last quarter. Miles Capital Inc. increased its position in shares of Darling Ingredients by 3.4% during the second quarter. Miles Capital Inc. now owns 19,244 shares of the company’s stock worth $383,000 after purchasing an additional 624 shares in the last quarter. Harrington Investments INC increased its position in shares of Darling Ingredients by 5.2% during the second quarter. Harrington Investments INC now owns 14,585 shares of the company’s stock worth $290,000 after purchasing an additional 720 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in shares of Darling Ingredients by 1.4% during the third quarter. Metropolitan Life Insurance Co NY now owns 52,961 shares of the company’s stock worth $1,013,000 after purchasing an additional 754 shares in the last quarter. 95.62% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

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: Retained Earnings

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