Andersons (NASDAQ:ANDE) Issues Earnings Results, Beats Expectations By $0.27 EPS

Andersons (NASDAQ:ANDE) released its quarterly earnings results on Tuesday. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.27, FiscalAI reports. Andersons had a net margin of 1.62% and a return on equity of 16.23%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.97 billion.

Andersons Stock Performance

Shares of ANDE stock traded down $1.30 during trading hours on Tuesday, reaching $62.67. The stock had a trading volume of 402,534 shares, compared to its average volume of 338,103. The firm has a market capitalization of $2.13 billion, a PE ratio of 12.10 and a beta of 0.63. The firm has a 50-day simple moving average of $66.91 and a 200-day simple moving average of $69.05. Andersons has a twelve month low of $45.83 and a twelve month high of $82.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, October 1st. Andersons’s dividend payout ratio is presently 15.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ANDE shares. BMO Capital Markets upped their price objective on shares of Andersons from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Andersons from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Andersons in a report on Tuesday, August 4th. Finally, Weiss Ratings raised Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $95.00.

Andersons Company Profile

The Andersons, Inc (NASDAQ: ANDE) is an agribusiness company that provides products and services supporting the agricultural supply chain. Founded in 1947 and headquartered in Maumee, Ohio, the company serves farmers, agricultural retailers, manufacturers, and other customers primarily in North America.

The company’s Trade segment merchandises and manages the movement and storage of grains and other agricultural commodities. Its operations include grain elevators, commodity trading, logistics, and related services that connect producers with domestic and international markets.

Through its Ethanol segment, The Andersons produces renewable fuels and markets co-products such as distillers grains and corn oil.