Darling Ingredients (DAR) to Release Earnings on Thursday

Darling Ingredients (NYSE:DAR) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Darling Ingredients to post earnings of $0.47 per share for the quarter.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the company posted $1.55 EPS. The business’s revenue was down 17.2% on a year-over-year basis. On average, analysts expect Darling Ingredients to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Darling Ingredients Trading Down 0.4 %

Shares of NYSE:DAR traded down $0.17 during trading on Monday, reaching $38.15. The company’s stock had a trading volume of 81,851 shares, compared to its average volume of 2,147,904. Darling Ingredients has a 12 month low of $32.67 and a 12 month high of $51.36. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The firm’s 50 day simple moving average is $37.70 and its two-hundred day simple moving average is $39.15. The stock has a market capitalization of $6.10 billion, a PE ratio of 11.47 and a beta of 1.24.

Insider Buying and Selling

In related news, EVP Robert W. Day purchased 2,532 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the acquisition, the executive vice president now owns 12,607 shares of the company’s stock, valued at $496,337.59. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Piper Sandler decreased their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Scotiabank reduced their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Finally, Jefferies Financial Group lowered their price target on Darling Ingredients from $47.00 to $44.00 and set a “buy” rating for the company in a report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.70.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.