Darling Ingredients (NYSE:DAR) released its earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01, Bloomberg Earnings reports. The firm had revenue of $952.55 million for the quarter, compared to analyst estimates of $896.87 million. Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%.
Shares of Darling Ingredients (NYSE DAR) traded down $1.25 on Thursday, reaching $16.94. The company had a trading volume of 483,344 shares, compared to its average volume of 1,087,371. The stock has a market cap of $2,852.19, a PE ratio of 43.77 and a beta of 1.48. Darling Ingredients has a 1 year low of $13.90 and a 1 year high of $19.50. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.07.
A number of research analysts recently issued reports on DAR shares. Zacks Investment Research raised Darling Ingredients from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Canaccord Genuity lifted their target price on Darling Ingredients from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 6th. TheStreet lowered Darling Ingredients from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Darling Ingredients in a report on Thursday. Finally, BMO Capital Markets lowered Darling Ingredients from an “outperform” rating to a “market perform” rating in a report on Thursday. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.29.
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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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