Andersons (NASDAQ:ANDE – Get Free Report) announced its quarterly earnings data on Tuesday. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was down 30.0% compared to the same quarter last year.
Andersons Stock Performance
ANDE traded down $3.48 during trading on Wednesday, reaching $52.66. 101,181 shares of the company were exchanged, compared to its average volume of 180,507. Andersons has a 52 week low of $35.69 and a 52 week high of $61.46. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $56.14 and a 200 day moving average of $53.93. The stock has a market cap of $1.79 billion, a P/E ratio of 17.78 and a beta of 0.69.
Andersons Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons’s dividend payout ratio (DPR) is 25.85%.
Insider Buying and Selling at Andersons
Analyst Ratings Changes
A number of brokerages have recently weighed in on ANDE. Roth Capital reiterated a “buy” rating and issued a $65.00 price target on shares of Andersons in a report on Tuesday, February 6th. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $62.50.
Check Out Our Latest Stock Report on ANDE
Andersons Company Profile
The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.
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