Darling Ingredients Inc (NYSE:DAR) Expected to Announce Earnings of $0.21 Per Share

Wall Street brokerages forecast that Darling Ingredients Inc (NYSE:DAR) will report $0.21 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Darling Ingredients’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.15. Darling Ingredients posted earnings of ($0.04) per share in the same quarter last year, which would suggest a positive year over year growth rate of 625%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 5th.

On average, analysts expect that Darling Ingredients will report full year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.65 to $0.96. For the next financial year, analysts forecast that the firm will report earnings of $1.01 per share, with EPS estimates ranging from $0.84 to $1.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Darling Ingredients.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $827.30 million for the quarter, compared to the consensus estimate of $839.92 million. Darling Ingredients had a return on equity of 3.38% and a net margin of 2.37%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS.

A number of equities research analysts have issued reports on the company. ValuEngine cut Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Monday, June 17th.

Darling Ingredients stock traded down $0.40 during trading hours on Monday, reaching $19.95. 875,149 shares of the company were exchanged, compared to its average volume of 704,260. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 22.42 and a beta of 1.17. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $20.02. Darling Ingredients has a 12 month low of $17.99 and a 12 month high of $22.62.

Several hedge funds have recently modified their holdings of the company. William Blair Investment Management LLC grew its holdings in shares of Darling Ingredients by 6.1% during the second quarter. William Blair Investment Management LLC now owns 1,491,404 shares of the company’s stock worth $29,664,000 after purchasing an additional 85,143 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Darling Ingredients by 26.1% during the second quarter. Prudential Financial Inc. now owns 387,149 shares of the company’s stock worth $7,700,000 after purchasing an additional 80,020 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Darling Ingredients by 38.8% during the second quarter. Schroder Investment Management Group now owns 1,518,186 shares of the company’s stock worth $30,197,000 after purchasing an additional 424,248 shares during the last quarter. Sciencast Management LP bought a new stake in shares of Darling Ingredients during the second quarter worth $236,000. Finally, Harrington Investments INC grew its holdings in shares of Darling Ingredients by 5.2% during the second quarter. Harrington Investments INC now owns 14,585 shares of the company’s stock worth $290,000 after purchasing an additional 720 shares during the last quarter. Institutional investors own 95.97% of the company’s stock.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers 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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