Darling Ingredients (NYSE:DAR) Announces Quarterly Earnings Results

Darling Ingredients (NYSE:DAR) announced its earnings results on Thursday. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01), Briefing.com reports. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. The business’s quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter last year, the business posted $1.16 earnings per share.

Darling Ingredients Price Performance

NYSE:DAR opened at $44.68 on Friday. The company has a current ratio of 4.20, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $44.01 and a 200 day simple moving average of $44.56. Darling Ingredients has a 1-year low of $38.97 and a 1-year high of $71.60. The stock has a market capitalization of $7.14 billion, a PE ratio of 13.38 and a beta of 1.29.

Analyst Upgrades and Downgrades

DAR has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Scotiabank dropped their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. Citigroup raised their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. BMO Capital Markets decreased their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Finally, Stephens decreased their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.55.

Insiders Place Their Bets

In related news, Director Kurt Stoffel acquired 8,000 shares of Darling Ingredients stock in a transaction on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares in the company, valued at approximately $439,965.02. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.62% of the company’s stock.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.