Andersons (NASDAQ:ANDE) Issues Quarterly Earnings Results

Andersons (NASDAQ:ANDE) issued its earnings results on Monday. The basic materials company reported $0.80 earnings per share for the quarter, topping 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 company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was down 27.9% compared to the same quarter last year.

Andersons Stock Performance

Shares of ANDE traded up $5.45 during midday trading on Wednesday, hitting $48.86. 345,072 shares of the stock traded hands, compared to its average volume of 169,361. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. Andersons has a 1-year low of $41.76 and a 1-year high of $61.46. The business’s 50 day moving average price is $48.32 and its two-hundred day moving average price is $50.14. The firm has a market capitalization of $1.66 billion, a PE ratio of 14.57 and a beta of 0.60.

Andersons Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a research note 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.