Andersons (NASDAQ:ANDE) Announces Earnings Results

Andersons (NASDAQ:ANDE) released its quarterly earnings data on Tuesday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the company posted $0.20 earnings per share. The business’s revenue was down 30.0% compared to the same quarter last year.

Andersons Price Performance

Shares of ANDE traded down $3.48 during mid-day trading on Wednesday, reaching $52.66. The stock had a trading volume of 101,181 shares, compared to its average volume of 180,507. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72. Andersons has a 12 month low of $35.69 and a 12 month high of $61.46. The business has a fifty day moving average of $56.14 and a 200 day moving average of $53.93. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 17.78 and a beta of 0.69.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons’s payout ratio is 25.85%.

Insider Buying and Selling

In other Andersons news, CEO Patrick E. Bowe sold 1,338 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the sale, the chief executive officer now directly owns 89,315 shares of the company’s stock, valued at $4,923,042.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Patrick E. Bowe sold 2,623 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $55.22, for a total transaction of $144,842.06. Following the completion of the transaction, the chief executive officer now directly owns 90,653 shares of the company’s stock, valued at $5,005,858.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick E. Bowe sold 1,338 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the completion of the sale, the chief executive officer now owns 89,315 shares in the company, valued at approximately $4,923,042.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,245 shares of company stock valued at $2,534,099. Company insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ANDE has been the topic of several research reports. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Roth Capital reaffirmed a “buy” rating and set a $65.00 target price on shares of Andersons in a report on Tuesday, February 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $62.50.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.