Equities analysts expect Darling Ingredients Inc (NYSE:DAR) to post earnings per share (EPS) of $0.20 for the current quarter, Zacks reports. Two analysts have made estimates for Darling Ingredients’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.25. Darling Ingredients posted earnings per share of $0.11 in the same quarter last year, which would indicate a positive year over year growth rate of 81.8%. The firm is scheduled to announce its next earnings report on Wednesday, August 14th.
On average, analysts expect that Darling Ingredients will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.65 to $0.97. For the next fiscal year, analysts forecast that the company will report earnings of $1.05 per share, with EPS estimates ranging from $0.86 to $1.25. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Darling Ingredients.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Wednesday, May 8th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Darling Ingredients had a net margin of 0.66% and a return on equity of 3.01%. The firm had revenue of $835.10 million during the quarter, compared to the consensus estimate of $866.47 million.
Shares of Darling Ingredients stock opened at $20.16 on Thursday. Darling Ingredients has a one year low of $17.99 and a one year high of $22.62. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 22.65 and a beta of 1.22. The company has a 50-day moving average price of $19.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.60 and a quick ratio of 0.97.
Institutional investors and hedge funds have recently modified their holdings of the business. Convergence Investment Partners LLC bought a new stake in Darling Ingredients during the 4th quarter worth approximately $264,000. Enlightenment Research LLC bought a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $31,000. Hsbc Holdings PLC grew its holdings in shares of Darling Ingredients by 9.1% in the fourth quarter. Hsbc Holdings PLC now owns 18,016 shares of the company’s stock valued at $346,000 after acquiring an additional 1,505 shares in the last quarter. Norges Bank bought a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $32,771,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Darling Ingredients by 62.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,937,915 shares of the company’s stock valued at $95,006,000 after acquiring an additional 1,897,277 shares in the last quarter. 96.17% of the stock is owned by hedge funds and other institutional investors.
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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