Darling Ingredients Inc. (NYSE:DAR) to Release Earnings on Wednesday
Darling Ingredients Inc. (NYSE:DAR) will be posting its quarterly earnings results after the market closes on Wednesday, August 9th. Analysts expect Darling Ingredients to post earnings of $0.09 per share for the quarter.
Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, May 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $880.10 million during the quarter, compared to the consensus estimate of $842.52 million. Darling Ingredients had a net margin of 3.06% and a return on equity of 5.15%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. On average, analysts expect Darling Ingredients to post $0.52 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Darling Ingredients Inc. (DAR) opened at 16.69 on Tuesday. The company has a 50-day moving average of $16.17 and a 200-day moving average of $14.72. The company has a market cap of $2.75 billion, a P/E ratio of 25.72 and a beta of 1.61. Darling Ingredients Inc. has a 52-week low of $11.51 and a 52-week high of $16.99.
Several research firms have weighed in on DAR. BidaskClub downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. BMO Capital Markets restated a “buy” rating and set a $19.00 price objective on shares of Darling Ingredients in a report on Tuesday, May 16th. Canaccord Genuity restated a “buy” rating and set a $18.00 price objective on shares of Darling Ingredients in a report on Monday, May 15th. Finally, TheStreet upgraded shares of Darling Ingredients from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.67.
In other news, CFO Patrick C. Lynch bought 18,337 shares of Darling Ingredients stock in a transaction dated Tuesday, May 23rd. The stock was purchased at an average price of $16.39 per share, for a total transaction of $300,543.43. Following the purchase, the chief financial officer now directly owns 147,295 shares in the company, valued at approximately $2,414,165.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Patrick C. Lynch bought 18,820 shares of Darling Ingredients stock in a transaction dated Friday, May 19th. The stock was purchased at an average price of $15.93 per share, with a total value of $299,802.60. Following the purchase, the chief financial officer now owns 128,958 shares in the company, valued at $2,054,300.94. The disclosure for this purchase can be found here. In the last quarter, insiders bought 56,867 shares of company stock valued at $899,938. Company insiders own 1.95% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Darling Ingredients Inc. (NYSE:DAR) to Release Earnings on Wednesday” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/08/darling-ingredients-inc-nysedar-to-release-earnings-on-wednesday.html.
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.
Receive News & Ratings for Darling Ingredients Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients Inc. and related companies with MarketBeat.com's FREE daily email newsletter.