The Andersons Inc. Expected to Post Q1 2017 Earnings of $0.27 Per Share (ANDE)
The Andersons Inc. (NASDAQ:ANDE) – Feltl & Co. increased their Q1 2017 earnings per share estimates for The Andersons in a report released on Wednesday. Feltl & Co. analyst B. Rystrom now forecasts that the firm will post earnings of $0.27 per share for the quarter, up from their prior forecast of $0.20. Feltl & Co. also issued estimates for The Andersons’ Q2 2017 earnings at $0.76 EPS and FY2017 earnings at $1.92 EPS.
The Andersons (NASDAQ:ANDE) last announced its earnings results on Monday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.12. The business had revenue of $859.60 million for the quarter, compared to analysts’ expectations of $966.51 million. The Andersons had a negative net margin of 1.14% and a positive return on equity of 0.83%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) earnings per share.
Several other brokerages have also issued reports on ANDE. Buckingham Research upgraded shares of The Andersons from a “neutral” rating to a “buy” rating and lifted their target price for the company from $40.00 to $42.00 in a research report on Monday, September 26th. Zacks Investment Research lowered shares of The Andersons from a “buy” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The Andersons presently has an average rating of “Buy” and a consensus target price of $42.67.
Shares of The Andersons (NASDAQ:ANDE) opened at 35.15 on Friday. The stock’s market capitalization is $1.01 billion. The Andersons has a 52-week low of $23.25 and a 52-week high of $39.45. The company has a 50-day moving average of $36.71 and a 200-day moving average of $35.31.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 24th. Investors of record on Monday, October 3rd were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.62 dividend on an annualized basis and a yield of 1.76%. The Andersons’s payout ratio is presently -38.04%.
A number of institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in The Andersons during the third quarter worth $1,555,000. ProShare Advisors LLC increased its position in shares of The Andersons by 43.9% in the third quarter. ProShare Advisors LLC now owns 86,697 shares of the company’s stock worth $3,137,000 after buying an additional 26,449 shares during the period. Morgan Stanley increased its position in shares of The Andersons by 219.5% in the third quarter. Morgan Stanley now owns 40,860 shares of the company’s stock worth $1,479,000 after buying an additional 28,072 shares during the period. Principal Financial Group Inc. increased its position in shares of The Andersons by 2.7% in the third quarter. Principal Financial Group Inc. now owns 189,759 shares of the company’s stock worth $6,865,000 after buying an additional 4,903 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of The Andersons by 1.1% in the third quarter. California State Teachers Retirement System now owns 56,963 shares of the company’s stock worth $2,061,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 74.90% of the company’s stock.
About The Andersons
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.
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