Equities research analysts forecast that Darling Ingredients Inc (NYSE:DAR) will report sales of $889.07 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Darling Ingredients’ earnings, with estimates ranging from $850.00 million to $924.40 million. Darling Ingredients posted sales of $853.13 million during the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 26th.
On average, 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 anticipate that the company will post sales of $3.50 billion, with estimates ranging from $3.41 billion to $3.57 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Darling Ingredients.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The company had revenue of $842.05 million during the quarter, compared to analysts’ expectations of $834.01 million. Darling Ingredients had a net margin of 3.30% and a return on equity of 4.67%. Darling Ingredients’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share.
Several brokerages have recently weighed in on DAR. ValuEngine cut Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.
Shares of NYSE DAR traded down $0.02 during mid-day 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 capitalization of $3.90 billion, a price-to-earnings ratio of 26.73 and a beta of 1.26. Darling Ingredients has a 1 year low of $17.99 and a 1 year high of $24.09. The company has a current ratio of 1.43, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69. The stock’s 50-day moving average price is $21.27 and its 200-day moving average price is $19.96.
Hedge funds and other institutional investors have recently made changes to their positions in the company. MAI Capital Management boosted its stake in Darling Ingredients by 4.6% during the second quarter. MAI Capital Management now owns 12,356 shares of the company’s stock valued at $246,000 after buying an additional 540 shares during the period. Private Capital Group LLC boosted 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 buying an additional 541 shares during the period. Miles Capital Inc. boosted its stake in Darling Ingredients by 3.4% during the second quarter. Miles Capital Inc. now owns 19,244 shares of the company’s stock valued at $383,000 after buying an additional 624 shares during the period. Harrington Investments INC boosted its stake in Darling Ingredients by 5.2% during the second quarter. Harrington Investments INC now owns 14,585 shares of the company’s stock valued at $290,000 after buying an additional 720 shares during the period. Finally, Metropolitan Life Insurance Co NY boosted its stake in Darling Ingredients by 1.4% during the third quarter. Metropolitan Life Insurance Co NY now owns 52,961 shares of the company’s stock valued at $1,013,000 after buying an additional 754 shares during the period. Institutional investors own 95.62% of the company’s stock.
About Darling Ingredients
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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