Darling Ingredients (NYSE:DAR) Posts Earnings Results, Misses Estimates By $0.01 EPS

Darling Ingredients (NYSE:DAR) posted its quarterly earnings results on Thursday. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Briefing.com reports. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 12.27% and a net margin of 8.46%. Darling Ingredients’s revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share.

Darling Ingredients Price Performance

NYSE DAR traded down $0.59 during trading hours on Friday, reaching $44.67. 2,365,958 shares of the stock traded hands, compared to its average volume of 2,416,789. The stock has a 50 day simple moving average of $44.01 and a two-hundred day simple moving average of $44.54. Darling Ingredients has a 1 year low of $38.97 and a 1 year high of $71.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.20 and a quick ratio of 1.10. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 13.37 and a beta of 1.29.

Insider Buying and Selling at Darling Ingredients

In other news, Director Kurt Stoffel purchased 8,000 shares of the stock in a transaction on Thursday, February 29th. The shares were acquired at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DAR shares. BMO Capital Markets dropped their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. JPMorgan Chase & Co. dropped their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Citigroup lifted their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Stephens dropped their price objective on 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, Scotiabank dropped their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.