Darling Ingredients (NYSE:DAR) Issues Quarterly Earnings Results

Darling Ingredients (NYSE:DAR) issued its quarterly earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Briefing.com reports. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The firm’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded down $0.91 during trading on Friday, reaching $44.35. The company had a trading volume of 1,261,457 shares, compared to its average volume of 2,087,564. The company has a fifty day moving average of $43.97 and a two-hundred day moving average of $44.58. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $7.09 billion, a P/E ratio of 11.16 and a beta of 1.29. Darling Ingredients has a 12 month low of $38.97 and a 12 month high of $71.60.

Insider Transactions at Darling Ingredients

In other news, Director Kurt Stoffel purchased 8,000 shares of the stock in a transaction on Thursday, February 29th. The shares were acquired at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.62% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DAR. Citigroup increased their price target on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their target price on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Stifel Nicolaus dropped their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Scotiabank reduced their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. Finally, BMO Capital Markets dropped their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.55.

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.