Andersons (NASDAQ:ANDE) Announces Quarterly Earnings Results

Andersons (NASDAQ:ANDE) issued its quarterly earnings results on Tuesday. The basic materials company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.04), Briefing.com reports. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $3.20 billion. Andersons had a return on equity of 7.93% and a net margin of 0.89%. Andersons’s revenue was down 30.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share.

Andersons Stock Down 1.0 %

Shares of NASDAQ ANDE traded down $0.48 during trading hours on Wednesday, hitting $47.25. The stock had a trading volume of 318,119 shares, compared to its average volume of 179,702. The company has a market capitalization of $1.61 billion, a P/E ratio of 13.24 and a beta of 0.61. The firm’s 50-day moving average price is $50.20 and its two-hundred day moving average price is $52.99. Andersons has a 52 week low of $45.07 and a 52 week high of $61.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 2.04.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.61%. Andersons’s payout ratio is 21.47%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.