Analysts predict that Darling Ingredients Inc (NYSE:DAR) will post $860.59 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Darling Ingredients’ earnings. The lowest sales estimate is $826.17 million and the highest is $895.00 million. Darling Ingredients posted sales of $846.65 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The business is expected to report its next earnings results on Wednesday, August 14th.
On average, analysts expect that Darling Ingredients will report full-year sales of $3.51 billion for the current fiscal year, with estimates ranging from $3.42 billion to $3.60 billion. For the next year, analysts forecast that the business will report sales of $3.72 billion, with estimates ranging from $3.57 billion to $3.87 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Darling Ingredients.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.06). The business had revenue of $835.10 million for the quarter, compared to the consensus estimate of $866.47 million. Darling Ingredients had a return on equity of 3.01% and a net margin of 0.66%.
In related news, CEO Randall C. Stuewe sold 68,940 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $21.02, for a total transaction of $1,449,118.80. Following the completion of the sale, the chief executive officer now directly owns 780,680 shares in the company, valued at $16,409,893.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Randall C. Stuewe sold 21,060 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $22.00, for a total transaction of $463,320.00. Following the sale, the chairman now owns 798,989 shares of the company’s stock, valued at $17,577,758. The disclosure for this sale can be found here. Company insiders own 2.63% of the company’s stock.
Large investors have recently modified their holdings of the stock. Convergence Investment Partners LLC acquired a new position in Darling Ingredients in the 4th quarter worth approximately $264,000. Jane Street Group LLC boosted its stake in Darling Ingredients by 112.5% in the 3rd quarter. Jane Street Group LLC now owns 22,393 shares of the company’s stock worth $433,000 after purchasing an additional 201,293 shares during the period. DNB Asset Management AS acquired a new position in Darling Ingredients in the 4th quarter worth approximately $2,297,000. Enlightenment Research LLC acquired a new position in Darling Ingredients in the 4th quarter worth approximately $31,000. Finally, Frontier Capital Management Co. LLC boosted its stake in Darling Ingredients by 42.3% in the 4th quarter. Frontier Capital Management Co. LLC now owns 648,025 shares of the company’s stock worth $12,468,000 after purchasing an additional 192,681 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.
NYSE:DAR traded up $0.01 during trading hours on Tuesday, reaching $20.19. 1,662,300 shares of the company’s stock were exchanged, compared to its average volume of 1,002,239. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 22.69 and a beta of 1.16. Darling Ingredients has a 12 month low of $17.38 and a 12 month high of $22.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.03 and a current ratio of 1.60.
About Darling Ingredients
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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