Darling Ingredients (DAR) Scheduled to Post Quarterly Earnings on Wednesday

Darling Ingredients (NYSE:DAR) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.68 per share for the quarter.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. On average, analysts expect Darling Ingredients to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Darling Ingredients Price Performance

DAR opened at $41.18 on Friday. The company has a fifty day simple moving average of $43.83 and a 200 day simple moving average of $44.75. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 10.35 and a beta of 1.29. Darling Ingredients has a twelve month low of $38.97 and a twelve month high of $71.60. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Stephens reduced their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday. Scotiabank reduced their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. BMO Capital Markets reduced their price target 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. Finally, Citigroup raised their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.55.

Insider Buying and Selling

In related news, Director Kurt Stoffel bought 8,000 shares of the stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the purchase, the director now owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Darling Ingredients by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 15,378,170 shares of the company’s stock valued at $766,448,000 after buying an additional 83,219 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of Darling Ingredients by 107,533.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock worth $479,659,000 after purchasing an additional 7,656,389 shares during the last quarter. State Street Corp grew its stake in shares of Darling Ingredients by 1.4% in the 2nd quarter. State Street Corp now owns 4,617,316 shares of the company’s stock worth $276,115,000 after purchasing an additional 61,858 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Darling Ingredients by 2.5% in the 1st quarter. Deutsche Bank AG now owns 3,900,896 shares of the company’s stock worth $227,812,000 after purchasing an additional 96,983 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Darling Ingredients by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 2,266,569 shares of the company’s stock worth $132,178,000 after purchasing an additional 77,186 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.