Darling Ingredients Inc. (NYSE:DAR) Expected to Post Earnings of $1.37 Per Share

Brokerages expect Darling Ingredients Inc. (NYSE:DARGet Rating) to announce earnings per share (EPS) of $1.37 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Darling Ingredients’ earnings, with the lowest EPS estimate coming in at $1.24 and the highest estimate coming in at $1.51. Darling Ingredients reported earnings per share of $1.17 in the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Darling Ingredients will report full-year earnings of $5.26 per share for the current fiscal year, with EPS estimates ranging from $4.99 to $5.45. For the next fiscal year, analysts expect that the firm will post earnings of $6.18 per share, with EPS estimates ranging from $4.79 to $7.01. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Darling Ingredients.

Darling Ingredients (NYSE:DARGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported $1.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.14. Darling Ingredients had a net margin of 13.58% and a return on equity of 20.76%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was up 30.5% on a year-over-year basis.

A number of equities analysts have weighed in on the stock. Stephens boosted their target price on shares of Darling Ingredients from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. Zacks Investment Research downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Cowen began coverage on shares of Darling Ingredients in a research note on Monday, April 25th. They set a “market perform” rating and a $80.00 price target for the company. StockNews.com downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Finally, Credit Suisse Group boosted their price target on shares of Darling Ingredients from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, March 14th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $95.82.

Shares of NYSE DAR opened at $77.34 on Friday. Darling Ingredients has a 1-year low of $58.70 and a 1-year high of $87.43. The company has a market cap of $12.49 billion, a PE ratio of 18.73 and a beta of 1.11. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $76.98 and a two-hundred day moving average of $71.90.

In related news, EVP Rick A. Elrod sold 54,413 shares of the stock in a transaction on Monday, March 21st. The shares were sold at an average price of $76.04, for a total transaction of $4,137,564.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Bullock sold 5,872 shares of the stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $82.67, for a total transaction of $485,438.24. The disclosure for this sale can be found here. Insiders sold 61,005 shares of company stock valued at $4,679,904 in the last quarter. Corporate insiders own 2.62% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DAR. Russell Investments Group Ltd. raised its position in Darling Ingredients by 7.8% during the third quarter. Russell Investments Group Ltd. now owns 100,995 shares of the company’s stock worth $7,260,000 after acquiring an additional 7,272 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of Darling Ingredients in the third quarter valued at about $41,000. Commerce Bank bought a new position in shares of Darling Ingredients in the third quarter valued at about $388,000. First Horizon Advisors Inc. raised its position in shares of Darling Ingredients by 2,733.3% in the third quarter. First Horizon Advisors Inc. now owns 510 shares of the company’s stock valued at $46,000 after purchasing an additional 492 shares during the period. Finally, Barclays PLC raised its position in shares of Darling Ingredients by 19.1% in the third quarter. Barclays PLC now owns 148,809 shares of the company’s stock valued at $10,698,000 after purchasing an additional 23,836 shares during the period. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

About Darling Ingredients (Get Rating)

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 ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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Earnings History and Estimates for Darling Ingredients (NYSE:DAR)

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