Analysts predict that Darling Ingredients Inc. (NYSE:DAR) will post earnings of $0.68 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Darling Ingredients’ earnings, with estimates ranging from $0.53 to $0.89. Darling Ingredients posted earnings of $0.39 per share during the same quarter last year, which would suggest a positive year over year growth rate of 74.4%. The firm is expected to report its next quarterly earnings results on Wednesday, August 4th.
On average, analysts expect that Darling Ingredients will report full-year earnings of $2.46 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.92. For the next financial year, analysts forecast that the company will report earnings of $4.01 per share, with EPS estimates ranging from $3.14 to $4.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Darling Ingredients.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Tuesday, May 11th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.33. Darling Ingredients had a net margin of 9.64% and a return on equity of 13.67%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. Darling Ingredients’s revenue was up 22.7% compared to the same quarter last year.
Several equities analysts have recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Darling Ingredients from $75.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday. Credit Suisse Group upped their price objective on shares of Darling Ingredients from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, March 10th. JPMorgan Chase & Co. raised shares of Darling Ingredients from a “neutral” rating to an “overweight” rating and set a $84.00 target price for the company in a research report on Thursday, March 11th. Zacks Investment Research downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Sandler started coverage on shares of Darling Ingredients in a research report on Monday, March 8th. They issued an “overweight” rating and a $95.00 price objective for the company. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Darling Ingredients presently has a consensus rating of “Buy” and an average price target of $72.18.
In other news, Director Charles L. Adair bought 500 shares of the stock in a transaction on Thursday, May 20th. The shares were acquired at an average cost of $65.84 per share, for a total transaction of $32,920.00. Following the purchase, the director now directly owns 33,734 shares of the company’s stock, valued at approximately $2,221,046.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Randall C. Stuewe sold 122,591 shares of the stock in a transaction on Thursday, March 4th. The stock was sold at an average price of $70.03, for a total transaction of $8,585,047.73. Following the completion of the transaction, the chief executive officer now directly owns 853,789 shares in the company, valued at approximately $59,790,843.67. The disclosure for this sale can be found here. Corporate insiders own 2.52% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DAR. JustInvest LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at $282,000. Pendal Group Limited bought a new stake in Darling Ingredients in the 4th quarter worth $305,000. Viking Fund Management LLC bought a new stake in Darling Ingredients in the 4th quarter worth $865,000. International Assets Investment Management LLC purchased a new stake in shares of Darling Ingredients in the 4th quarter worth about $40,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Darling Ingredients in the 4th quarter worth about $423,000. 95.23% of the stock is currently owned by institutional investors.
Shares of NYSE DAR traded up $2.36 during trading on Friday, hitting $68.02. 2,780,996 shares of the company traded hands, compared to its average volume of 1,697,758. The business’s fifty day moving average is $72.13 and its 200 day moving average is $64.06. Darling Ingredients has a fifty-two week low of $21.76 and a fifty-two week high of $79.65. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 31.35 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.82 and a current ratio of 1.48.
About Darling Ingredients
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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