Wall Street brokerages expect The Andersons, Inc. (NASDAQ:ANDE) to announce earnings per share of $0.08 for the current quarter, according to Zacks. Zero analysts have made estimates for The Andersons’ earnings. The Andersons reported earnings per share of $0.07 during the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The business is expected to issue its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that The Andersons will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.72 to $2.15. For the next year, analysts expect that the business will report earnings of $2.35 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover The Andersons.
The Andersons (NASDAQ:ANDE) last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.20. The Andersons had a net margin of 1.12% and a return on equity of 4.83%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the business earned $0.36 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis.
Shares of The Andersons (NASDAQ ANDE) traded up $0.55 during trading on Monday, reaching $33.00. 124,525 shares of the company’s stock traded hands, compared to its average volume of 142,247. The company has a current ratio of 1.35, a quick ratio of 0.47 and a debt-to-equity ratio of 0.51. The Andersons has a one year low of $29.60 and a one year high of $39.35. The company has a market cap of $924.08, a PE ratio of 22.60 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 29th. The Andersons’s payout ratio is 45.21%.
In other The Andersons news, VP Naran Uchur Burchinow sold 2,200 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $35.95, for a total transaction of $79,090.00. Following the completion of the sale, the vice president now directly owns 26,963 shares of the company’s stock, valued at $969,319.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rasesh H. Shah sold 9,000 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $34.50, for a total transaction of $310,500.00. Following the sale, the director now directly owns 24,728 shares of the company’s stock, valued at $853,116. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,000 shares of company stock worth $1,143,430. 5.50% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in ANDE. First Trust Advisors LP lifted its position in shares of The Andersons by 58.7% during the third quarter. First Trust Advisors LP now owns 47,743 shares of the basic materials company’s stock valued at $1,635,000 after buying an additional 17,654 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of The Andersons during the third quarter valued at about $355,000. BNP Paribas Arbitrage SA lifted its position in shares of The Andersons by 43.5% during the third quarter. BNP Paribas Arbitrage SA now owns 14,909 shares of the basic materials company’s stock valued at $511,000 after buying an additional 4,520 shares during the last quarter. Sei Investments Co. lifted its position in shares of The Andersons by 193.4% during the third quarter. Sei Investments Co. now owns 14,751 shares of the basic materials company’s stock valued at $1,269,000 after buying an additional 9,724 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of The Andersons by 22.6% during the third quarter. Municipal Employees Retirement System of Michigan now owns 20,140 shares of the basic materials company’s stock valued at $690,000 after buying an additional 3,710 shares during the last quarter. 77.71% of the stock is owned by institutional investors and hedge funds.
The Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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