Darling Ingredients (NYSE:DAR) Issues Earnings Results

Darling Ingredients (NYSE:DAR) released its quarterly earnings data on Thursday. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10, Briefing.com reports. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Darling Ingredients had a return on equity of 8.35% and a net margin of 6.04%. The company’s revenue was down 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 EPS.

Darling Ingredients Trading Down 1.8 %

Shares of DAR traded down $0.71 on Friday, reaching $38.87. 3,956,900 shares of the company’s stock were exchanged, compared to its average volume of 1,794,734. The business has a 50 day moving average price of $37.79 and a two-hundred day moving average price of $41.76. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.21 billion, a P/E ratio of 11.64 and a beta of 1.26. Darling Ingredients has a 12 month low of $33.94 and a 12 month high of $71.60.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DAR shares. Scotiabank lowered their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Stifel Nicolaus dropped their target price on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, May 20th. JPMorgan Chase & Co. decreased their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. TD Cowen reduced their target price on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, June 13th. Finally, Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.27.

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.