Zacks: Brokerages Expect Darling Ingredients Inc. (DAR) to Post $0.11 Earnings Per Share

Brokerages expect that Darling Ingredients Inc. (NYSE:DAR) will announce earnings of $0.11 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Darling Ingredients’ earnings. The highest EPS estimate is $0.14 and the lowest is $0.07. Darling Ingredients posted earnings of $0.25 per share during the same quarter last year, which would indicate a negative year over year growth rate of 56%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Darling Ingredients will report full year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.20 to $0.28. For the next year, analysts expect that the business will post earnings of $0.61 per share, with EPS estimates ranging from $0.44 to $0.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Darling Ingredients.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The company had revenue of C$937.70 million during the quarter, compared to analyst estimates of C$870.50 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis.

DAR has been the subject of several recent research reports. Robert W. Baird reiterated a “buy” rating and issued a $20.00 price target on shares of Darling Ingredients in a report on Tuesday, September 26th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a report on Monday, September 25th. Zacks Investment Research upgraded Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, October 11th. J P Morgan Chase & Co set a $19.00 target price on Darling Ingredients and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, BidaskClub downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$19.33.

Several hedge funds have recently modified their holdings of DAR. Wellington Management Group LLP lifted its position in shares of Darling Ingredients by 15.6% during the first quarter. Wellington Management Group LLP now owns 197,552 shares of the company’s stock worth $2,868,000 after purchasing an additional 26,643 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Darling Ingredients by 13.4% during the first quarter. Teachers Advisors LLC now owns 1,039,284 shares of the company’s stock worth $15,090,000 after purchasing an additional 122,598 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Darling Ingredients by 4.4% during the first quarter. California Public Employees Retirement System now owns 243,400 shares of the company’s stock worth $3,534,000 after purchasing an additional 10,200 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Darling Ingredients by 6.9% during the first quarter. Geode Capital Management LLC now owns 1,262,362 shares of the company’s stock worth $18,329,000 after purchasing an additional 81,599 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Darling Ingredients by 190.0% during the first quarter. UBS Group AG now owns 67,555 shares of the company’s stock worth $981,000 after purchasing an additional 44,264 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of Darling Ingredients (DAR) opened at C$16.27 on Monday. Darling Ingredients has a twelve month low of C$11.51 and a twelve month high of C$18.65. The stock has a market capitalization of $2,679.37, a price-to-earnings ratio of 41.72 and a beta of 1.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07.

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Darling Ingredients Company Profile

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating 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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