Darling Ingredients (NYSE:DAR) Posts Quarterly Earnings Results

Darling Ingredients (NYSE:DAR) posted its quarterly earnings results on Thursday. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Briefing.com reports. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $1.16 EPS. The business’s revenue for the quarter was down 20.7% compared to the same quarter last year.

Darling Ingredients Stock Down 1.9 %

Shares of DAR traded down $0.85 during midday trading on Friday, hitting $44.41. The stock had a trading volume of 943,562 shares, compared to its average volume of 2,083,067. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 11.10 and a beta of 1.29. The company has a 50 day simple moving average of $43.97 and a two-hundred day simple moving average of $44.58. Darling Ingredients has a twelve month low of $38.97 and a twelve month high of $71.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel purchased 8,000 shares of the stock in a transaction on Thursday, February 29th. The shares were purchased at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the purchase, the director now owns 10,571 shares of the company’s stock, valued at $439,965.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus cut their target price on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. BMO Capital Markets cut their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Scotiabank decreased their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Stephens lowered their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, Citigroup lifted their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $72.55.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.