Andersons (NASDAQ:ANDE) Releases Earnings Results, Beats Estimates By $0.37 EPS

Andersons (NASDAQ:ANDE) announced its earnings results on Monday. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37, Briefing.com reports. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm posted $0.13 EPS. Andersons’s revenue was down 27.9% compared to the same quarter last year.

Andersons Price Performance

Shares of ANDE traded up $5.45 during mid-day trading on Wednesday, hitting $48.86. The company’s stock had a trading volume of 345,072 shares, compared to its average volume of 169,361. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 14.57 and a beta of 0.60. Andersons has a fifty-two week low of $41.76 and a fifty-two week high of $61.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. The firm has a 50-day moving average price of $48.32 and a 200 day moving average price of $50.14.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, October 1st. Andersons’s payout ratio is 25.50%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a report on Tuesday.

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.