Wall Street brokerages expect Darling Ingredients Inc (NYSE:DAR) to report $863.85 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Darling Ingredients’ earnings. The lowest sales estimate is $842.70 million and the highest is $885.00 million. Darling Ingredients posted sales of $875.37 million in the same quarter last year, which suggests a negative year over year growth rate of 1.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 8th.
On average, analysts expect that Darling Ingredients will report full year sales of $3.54 billion for the current financial year, with estimates ranging from $3.48 billion to $3.60 billion. For the next year, analysts forecast that the firm will post sales of $3.73 billion, with estimates ranging from $3.58 billion to $3.87 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Darling Ingredients.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, February 27th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.03). Darling Ingredients had a return on equity of 6.35% and a net margin of 3.00%. The firm had revenue of $853.13 million for the quarter, compared to the consensus estimate of $889.24 million. During the same period last year, the firm earned $0.63 EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis.
In other Darling Ingredients news, Chairman Randall C. Stuewe sold 21,060 shares of Darling Ingredients stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $22.00, for a total transaction of $463,320.00. Following the completion of the sale, the chairman now owns 798,989 shares of the company’s stock, valued at $17,577,758. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Randall C. Stuewe sold 68,940 shares of Darling Ingredients stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $21.02, for a total value of $1,449,118.80. Following the sale, the chief executive officer now directly owns 780,680 shares of the company’s stock, valued at approximately $16,409,893.60. The disclosure for this sale can be found here. Insiders own 2.44% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Darling Ingredients by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 1,724,485 shares of the company’s stock worth $33,179,000 after purchasing an additional 119,385 shares in the last quarter. Norges Bank bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $32,771,000. FMR LLC boosted its position in shares of Darling Ingredients by 15.4% in the 4th quarter. FMR LLC now owns 16,188,897 shares of the company’s stock worth $311,475,000 after purchasing an additional 2,158,812 shares in the last quarter. Phocas Financial Corp. bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $35,000. Finally, Legal & General Group Plc boosted its position in shares of Darling Ingredients by 2.3% in the 4th quarter. Legal & General Group Plc now owns 464,430 shares of the company’s stock worth $8,911,000 after purchasing an additional 10,411 shares in the last quarter. 99.04% of the stock is owned by institutional investors.
DAR stock traded up $0.11 during mid-day trading on Friday, hitting $21.65. 949,296 shares of the stock were exchanged, compared to its average volume of 1,172,494. The company has a quick ratio of 1.03, a current ratio of 1.66 and a debt-to-equity ratio of 0.71. Darling Ingredients has a 12 month low of $16.36 and a 12 month high of $22.62. The firm has a market cap of $3.55 billion, a P/E ratio of 24.33 and a beta of 1.18.
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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