Zacks: Brokerages Expect Darling Ingredients Inc (NYSE:DAR) Will Post Earnings of $0.22 Per Share

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Wall Street brokerages forecast that Darling Ingredients Inc (NYSE:DAR) will report earnings per share of $0.22 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Darling Ingredients’ earnings. The lowest EPS estimate is $0.21 and the highest is $0.24. Darling Ingredients reported earnings of $0.24 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 8.3%. The business is expected to issue its next quarterly earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that Darling Ingredients will report full year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.66. For the next financial year, analysts anticipate that the firm will report earnings of $0.97 per share, with EPS estimates ranging from $0.79 to $1.20. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Darling Ingredients.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Darling Ingredients had a return on equity of 4.67% and a net margin of 3.30%. The firm had revenue of $842.05 million during the quarter, compared to analysts’ expectations of $834.01 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Darling Ingredients’s revenue for the quarter was up 3.6% compared to the same quarter last year.

A number of equities analysts have recently issued reports on the company. ValuEngine cut Darling Ingredients from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY raised its position in Darling Ingredients by 1.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 52,961 shares of the company’s stock valued at $1,013,000 after purchasing an additional 754 shares during the last quarter. Millennium Management LLC raised its position in shares of Darling Ingredients by 1,017.0% in the 3rd quarter. Millennium Management LLC now owns 1,472,229 shares of the company’s stock worth $28,163,000 after acquiring an additional 1,340,426 shares in the last quarter. Man Group plc raised its position in shares of Darling Ingredients by 10.9% in the 3rd quarter. Man Group plc now owns 278,655 shares of the company’s stock worth $5,331,000 after acquiring an additional 27,455 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Darling Ingredients by 2.3% in the 3rd quarter. Squarepoint Ops LLC now owns 110,097 shares of the company’s stock worth $2,106,000 after acquiring an additional 2,478 shares in the last quarter. Finally, Empirical Capital Management LLC bought a new position in shares of Darling Ingredients in the 3rd quarter worth approximately $1,913,000. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Shares of DAR traded down $0.02 during midday trading on Wednesday, reaching $23.79. The stock had a trading volume of 659,400 shares, compared to its average volume of 894,210. The company’s 50-day moving average is $21.27 and its 200 day moving average is $19.96. Darling Ingredients has a 12-month low of $17.99 and a 12-month high of $24.09. The company has a current ratio of 1.43, a quick ratio of 0.84 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 26.73 and a beta of 1.26.

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 a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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