Darling Ingredients Inc. (DAR) Issues Quarterly Earnings Results
Darling Ingredients Inc. (NYSE:DAR) posted its quarterly earnings results on Wednesday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by $0.05, Bloomberg Earnings reports. The business had revenue of $896.30 million during the quarter, compared to analysts’ expectations of $890.91 million. Darling Ingredients had a net margin of 3.06% and a return on equity of 5.15%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS.
Darling Ingredients (DAR) traded down 0.12% during trading on Wednesday, hitting $16.43. The stock had a trading volume of 927,209 shares. The company has a market cap of $2.71 billion, a P/E ratio of 25.32 and a beta of 1.61. The company has a 50 day moving average of $16.18 and a 200-day moving average of $14.76. Darling Ingredients has a 12-month low of $11.51 and a 12-month high of $16.99.
DAR has been the subject of several recent analyst reports. TheStreet upgraded Darling Ingredients from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a report on Monday, May 8th. Zacks Investment Research cut Darling Ingredients from a “buy” rating to a “hold” rating in a report on Friday, May 12th. BMO Capital Markets restated a “buy” rating and issued a $19.00 price target on shares of Darling Ingredients in a report on Tuesday, May 16th. Finally, BidaskClub upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Darling Ingredients presently has an average rating of “Buy” and an average price target of $17.67.
In other news, CFO Patrick C. Lynch bought 18,337 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were bought at an average cost of $16.39 per share, with a total value of $300,543.43. Following the transaction, the chief financial officer now directly owns 147,295 shares in the company, valued at approximately $2,414,165.05. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Patrick C. Lynch bought 19,710 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $15.20 per share, for a total transaction of $299,592.00. Following the completion of the transaction, the chief financial officer now owns 110,138 shares in the company, valued at $1,674,097.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 56,867 shares of company stock worth $899,938. Insiders own 1.95% of the company’s stock.
Darling Ingredients Company Profile
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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