Wall Street brokerages forecast that Darling Ingredients Inc. (NYSE:DAR) will report $911.97 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Darling Ingredients’ earnings, with the highest sales estimate coming in at $938.94 million and the lowest estimate coming in at $885.00 million. Darling Ingredients reported sales of $859.43 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The company is expected to announce its next quarterly earnings results on Tuesday, February 23rd.
On average, analysts expect that Darling Ingredients will report full-year sales of $3.47 billion for the current fiscal year, with estimates ranging from $3.45 billion to $3.49 billion. For the next year, analysts expect that the business will post sales of $3.64 billion, with estimates ranging from $3.54 billion to $3.73 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Darling Ingredients.
Darling Ingredients (NYSE:DAR) last released its earnings results on Sunday, November 8th. The company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.17. The firm had revenue of $850.57 million during the quarter, compared to analysts’ expectations of $852.39 million. Darling Ingredients had a net margin of 14.50% and a return on equity of 15.13%. Darling Ingredients’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS.
Shares of NYSE DAR opened at $66.30 on Thursday. Darling Ingredients has a 52-week low of $10.25 and a 52-week high of $68.00. The firm has a fifty day moving average of $55.50 and a 200-day moving average of $40.46. The stock has a market capitalization of $10.75 billion, a PE ratio of 22.47 and a beta of 1.31. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51.
In other Darling Ingredients news, EVP Rick A. Elrod sold 19,323 shares of the company’s stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $47.83, for a total value of $924,219.09. Following the completion of the transaction, the executive vice president now owns 176,503 shares in the company, valued at approximately $8,442,138.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Randall C. Stuewe sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $45.51, for a total transaction of $1,365,300.00. Following the completion of the transaction, the chief executive officer now owns 888,740 shares of the company’s stock, valued at approximately $40,446,557.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,496 shares of company stock valued at $6,490,284. 2.96% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DAR. Advisor Group Holdings Inc. grew its position in Darling Ingredients by 11.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 23,492 shares of the company’s stock worth $579,000 after purchasing an additional 2,404 shares during the last quarter. Captrust Financial Advisors bought a new position in Darling Ingredients in the 2nd quarter worth about $25,000. Sei Investments Co. grew its position in Darling Ingredients by 70.7% in the 2nd quarter. Sei Investments Co. now owns 116,801 shares of the company’s stock worth $2,876,000 after purchasing an additional 48,394 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Darling Ingredients by 312.0% in the second quarter. Jane Street Group LLC now owns 61,803 shares of the company’s stock valued at $1,521,000 after acquiring an additional 46,803 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Darling Ingredients by 15.0% in the second quarter. Jacobs Levy Equity Management Inc. now owns 57,871 shares of the company’s stock valued at $1,425,000 after acquiring an additional 7,564 shares in the last quarter. Hedge funds and other institutional investors own 88.09% of the company’s stock.
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 ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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