$912.64 Million in Sales Expected for Darling Ingredients Inc (DAR) This Quarter

Brokerages expect Darling Ingredients Inc (NYSE:DAR) to report $912.64 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Darling Ingredients’ earnings, with estimates ranging from $885.00 million to $926.60 million. Darling Ingredients posted sales of $887.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Darling Ingredients will report full-year sales of $912.64 million for the current fiscal year, with estimates ranging from $3.60 billion to $3.64 billion. For the next year, analysts expect that the firm will post sales of $3.72 billion per share, with estimates ranging from $3.65 billion to $3.78 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Darling Ingredients.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $937.70 million for the quarter, compared to analysts’ expectations of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. Darling Ingredients’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share.

Several research firms have recently weighed in on DAR. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 target price on shares of Darling Ingredients in a report on Tuesday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a report on Monday, September 25th. JPMorgan Chase & Co. lowered shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and cut their target price for the company from $19.00 to $18.00 in a report on Friday, October 6th. Roth Capital set a $20.00 target price on shares of Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Zacks Investment Research lowered shares of Darling Ingredients from a “buy” rating to a “sell” rating in a report on Monday, October 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Darling Ingredients currently has a consensus rating of “Buy” and an average price target of $19.33.

Darling Ingredients (DAR) opened at $18.33 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.07 and a current ratio of 1.76. The firm has a market cap of $3,010.00, a P/E ratio of 48.24 and a beta of 1.52. Darling Ingredients has a 1-year low of $11.51 and a 1-year high of $18.65.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Investment Consultants LLC acquired a new stake in Darling Ingredients during the 3rd quarter worth $168,000. Harrington Investments INC acquired a new stake in Darling Ingredients during the 3rd quarter worth $185,000. Victory Capital Management Inc. boosted its stake in Darling Ingredients by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 11,835 shares of the company’s stock worth $186,000 after purchasing an additional 1,774 shares during the last quarter. Advisor Group Inc. boosted its stake in Darling Ingredients by 34.9% during the 3rd quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock worth $209,000 after purchasing an additional 3,086 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of Darling Ingredients by 30.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,858 shares of the company’s stock valued at $218,000 after acquiring an additional 3,258 shares during the last quarter. 97.75% of the stock is owned by institutional investors.

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Darling Ingredients Company Profile

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating 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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