Andersons (NASDAQ:ANDE) Announces Earnings Results

Andersons (NASDAQ:ANDE) released its quarterly earnings data on Wednesday. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07), Briefing.com reports. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The company’s revenue was down 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Andersons Stock Up 2.7 %

ANDE opened at $52.85 on Friday. The business has a 50 day moving average price of $56.02 and a two-hundred day moving average price of $53.90. Andersons has a 52 week low of $35.69 and a 52 week high of $61.46. The company has a market cap of $1.80 billion, a PE ratio of 17.98 and a beta of 0.69. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. Andersons’s dividend payout ratio (DPR) is 25.85%.

Insider Activity

In related news, CEO Patrick E. Bowe sold 3,387 shares of Andersons stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares in the company, valued at approximately $5,110,391.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Patrick E. Bowe sold 2,623 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares in the company, valued at $5,005,858.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patrick E. Bowe sold 3,387 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $60.01, for a total transaction of $203,253.87. Following the completion of the sale, the chief executive officer now owns 85,159 shares of the company’s stock, valued at approximately $5,110,391.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,245 shares of company stock valued at $2,534,099. Company insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ANDE. StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday. Roth Capital reiterated a “buy” rating and set a $65.00 price target on shares of Andersons in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Andersons has a consensus rating of “Moderate Buy” and an average target price of $62.50.

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.