Wall Street analysts expect Darling Ingredients Inc (NYSE:DAR) to post $889.07 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Darling Ingredients’ earnings, with the lowest sales estimate coming in at $850.00 million and the highest estimate coming in at $924.40 million. Darling Ingredients reported sales of $853.13 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The firm is expected to report its next earnings results on Wednesday, February 26th.
According to Zacks, analysts expect that Darling Ingredients will report full year sales of $3.38 billion for the current year, with estimates ranging from $3.35 billion to $3.40 billion. For the next fiscal year, analysts forecast that the firm will post sales of $3.50 billion, with estimates ranging from $3.41 billion to $3.57 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Darling Ingredients.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $842.05 million during the quarter, compared to analyst estimates of $834.01 million. Darling Ingredients had a net margin of 3.30% and a return on equity of 4.67%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Litman Gregory Asset Management LLC bought a new stake in Darling Ingredients during the second quarter valued at $32,000. Private Capital Group LLC increased its stake in Darling Ingredients by 16.7% during the second quarter. Private Capital Group LLC now owns 3,782 shares of the company’s stock valued at $75,000 after purchasing an additional 541 shares during the last quarter. Quest Capital Management Inc. ADV bought a new stake in Darling Ingredients during the third quarter valued at $88,000. Neo Ivy Capital Management bought a new stake in Darling Ingredients during the third quarter valued at $139,000. Finally, First Mercantile Trust Co. increased its stake in Darling Ingredients by 8.9% during the second quarter. First Mercantile Trust Co. now owns 9,910 shares of the company’s stock valued at $197,000 after purchasing an additional 806 shares during the last quarter. 95.62% of the stock is currently owned by hedge funds and other institutional investors.
DAR traded down $0.02 during trading on Friday, hitting $23.79. The company had a trading volume of 659,400 shares, compared to its average volume of 894,210. The company has a market cap of $3.90 billion, a PE ratio of 26.73 and a beta of 1.26. The business has a 50-day moving average of $21.27 and a 200-day moving average of $19.96. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.43 and a quick ratio of 0.84. Darling Ingredients has a 1-year low of $17.99 and a 1-year high of $24.09.
Darling Ingredients Company Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers 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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