Andersons (NASDAQ:ANDE) Announces Earnings Results

Andersons (NASDAQ:ANDE) released its earnings results on Monday. The basic materials company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.48 by $0.67, Zacks reports. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Andersons had a net margin of 1.62% and a return on equity of 16.50%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS.

Andersons Stock Performance

Shares of ANDE opened at $74.48 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. Andersons has a 52-week low of $31.84 and a 52-week high of $82.11. The company has a 50-day simple moving average of $72.21 and a 200-day simple moving average of $70.04. The company has a market capitalization of $2.54 billion, a PE ratio of 19.81 and a beta of 0.66.

Andersons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, July 1st. Andersons’s dividend payout ratio (DPR) is currently 21.28%.

Analyst Upgrades and Downgrades

ANDE has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings raised Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Andersons in a report on Tuesday. The Goldman Sachs Group downgraded Andersons to a “buy” rating in a research note on Thursday, June 18th. Finally, Benchmark reissued a “buy” rating on shares of Andersons in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Andersons has a consensus rating of “Buy” and a consensus target price of $95.00.

Insider Buying and Selling

In related news, Director Patrick E. Bowe sold 3,534 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total transaction of $284,593.02. Following the sale, the director owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Andersons

Several institutional investors have recently modified their holdings of ANDE. Uniplan Investment Counsel Inc. purchased a new position in Andersons in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC grew its holdings in Andersons by 33,600.0% in the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,008 shares during the last quarter. State of Wyoming purchased a new position in shares of Andersons in the fourth quarter valued at $70,000. Tower Research Capital LLC TRC raised its stake in shares of Andersons by 227.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock worth $109,000 after buying an additional 2,053 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Andersons by 57.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,400 shares of the basic materials company’s stock worth $162,000 after buying an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.