Darling Ingredients Inc. (NYSE:DAR) Expected to Announce Quarterly Sales of $911.97 Million

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.

DAR has been the topic of several recent research reports. Tudor Pickering started coverage on shares of Darling Ingredients in a report on Friday, October 9th. They set a “buy” rating and a $47.00 target price on the stock. ValuEngine lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Tuesday, January 5th. Stephens began coverage on shares of Darling Ingredients in a research note on Monday, September 28th. They issued an “overweight” rating and a $54.00 target price on the stock. CSFB began coverage on shares of Darling Ingredients in a research note on Monday, September 28th. They issued an “outperform” rating and a $50.00 target price on the stock. Finally, BMO Capital Markets upped their target price on shares of Darling Ingredients from $33.00 to $46.00 and gave the company a “market perform” rating in a research note on Thursday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.55.

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.

Further Reading: Growth Stocks

Get a free copy of the Zacks research report on Darling Ingredients (DAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.