Andersons (NASDAQ:ANDE) Announces Quarterly Earnings Results, Beats Expectations By $0.37 EPS

Andersons (NASDAQ:ANDE) announced its quarterly earnings results on Monday. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.37, Briefing.com reports. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The company’s quarterly revenue was down 27.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS.

Andersons Price Performance

ANDE traded up $3.00 on Wednesday, hitting $46.41. 19,839 shares of the stock were exchanged, compared to its average volume of 167,849. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. Andersons has a 12 month low of $41.76 and a 12 month high of $61.46. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 14.57 and a beta of 0.60. The business has a 50-day moving average of $48.32 and a two-hundred day moving average of $50.14.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were issued a $0.19 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.76 annualized dividend and a yield of 1.64%. Andersons’s dividend payout ratio is presently 25.50%.

Analysts Set New Price Targets

Separately, StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.