$913.78 Million in Sales Expected for Darling Ingredients Inc. (DAR) This Quarter
Brokerages expect that Darling Ingredients Inc. (NYSE:DAR) will announce sales of $913.78 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Darling Ingredients’ earnings. The lowest sales estimate is $885.00 million and the highest is $929.75 million. Darling Ingredients posted sales of $887.28 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is expected to announce its next quarterly earnings report on Tuesday, February 27th.
According to Zacks, analysts expect that Darling Ingredients will report full-year sales of $913.78 million for the current financial year, with estimates ranging from $3.60 billion to $3.64 billion. For the next year, analysts expect that the firm will report sales of $3.74 billion per share, with estimates ranging from $3.65 billion to $3.83 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Darling Ingredients.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The firm had revenue of $937.70 million during the quarter, compared to analyst estimates of $870.50 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. Darling Ingredients’s revenue for the quarter was up 9.8% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on the stock. Robert W. Baird restated a “buy” rating and issued a $20.00 price objective on shares of Darling Ingredients in a report on Tuesday, September 26th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price objective on shares of Darling Ingredients in a report on Monday, September 25th. J P Morgan Chase & Co lowered shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $18.00 in a report on Friday, October 6th. Roth Capital set a $20.00 price objective on shares of Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Zacks Investment Research lowered shares of Darling Ingredients from a “buy” rating to a “sell” rating in a report on Monday, October 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $19.33.
Shares of Darling Ingredients (NYSE DAR) traded up $0.08 on Friday, hitting $17.00. 733,694 shares of the stock were exchanged, compared to its average volume of 1,180,245. Darling Ingredients has a fifty-two week low of $11.51 and a fifty-two week high of $18.65. The firm has a market cap of $2,737.01, a price-to-earnings ratio of 42.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07.
A number of large investors have recently made changes to their positions in the stock. Shufro Rose & Co. LLC raised its stake in Darling Ingredients by 0.4% during the 2nd quarter. Shufro Rose & Co. LLC now owns 27,457 shares of the company’s stock worth $432,000 after acquiring an additional 100 shares in the last quarter. World Asset Management Inc raised its stake in Darling Ingredients by 2.3% during the 2nd quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock worth $169,000 after acquiring an additional 237 shares in the last quarter. Amalgamated Bank raised its stake in Darling Ingredients by 1.4% during the 2nd quarter. Amalgamated Bank now owns 22,413 shares of the company’s stock worth $353,000 after acquiring an additional 304 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Darling Ingredients by 2.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 13,252 shares of the company’s stock worth $192,000 after acquiring an additional 335 shares in the last quarter. Finally, US Bancorp DE raised its stake in Darling Ingredients by 1.9% during the 2nd quarter. US Bancorp DE now owns 27,259 shares of the company’s stock worth $429,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 98.48% of the company’s stock.
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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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