Research Analysts Issue Forecasts for The Andersons Inc.’s FY2016 Earnings (ANDE)
The Andersons Inc. (NASDAQ:ANDE) – Stock analysts at Feltl & Co. dropped their FY2016 earnings per share estimates for shares of The Andersons in a research report issued to clients and investors on Wednesday. Feltl & Co. analyst B. Rystrom now anticipates that the firm will earn $0.68 per share for the year, down from their prior estimate of $0.90. Feltl & Co. also issued estimates for The Andersons’ Q4 2016 earnings at $0.63 EPS and Q3 2017 earnings at $0.13 EPS.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.12. The Andersons had a positive return on equity of 0.83% and a negative net margin of 1.14%. The company earned $859.60 million during the quarter, compared to analyst estimates of $966.51 million. During the same period last year, the company posted ($0.04) earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year.
A number of other equities analysts have also recently issued reports on ANDE. Zacks Investment Research cut shares of The Andersons from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Buckingham Research raised shares of The Andersons from a “neutral” rating to a “buy” rating and raised their price objective for the company from $40.00 to $42.00 in a research note on Monday, September 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $42.67.
The Andersons (NASDAQ:ANDE) opened at 35.15 on Monday. The firm’s 50-day moving average is $36.71 and its 200 day moving average is $35.31. The Andersons has a 52-week low of $23.25 and a 52-week high of $39.45. The firm’s market capitalization is $1.01 billion.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 24th. Investors of record on Monday, October 3rd were given a $0.155 dividend. The ex-dividend date was Thursday, September 29th. This represents a $0.62 annualized dividend and a yield of 1.76%. The Andersons’s dividend payout ratio is currently -38.04%.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in The Andersons by 2.2% in the second quarter. Vanguard Group Inc. now owns 2,317,697 shares of the company’s stock valued at $82,371,000 after buying an additional 49,277 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of The Andersons by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,015,475 shares of the company’s stock valued at $71,629,000 after buying an additional 79,149 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of The Andersons by 7.7% in the third quarter. BlackRock Fund Advisors now owns 1,856,078 shares of the company’s stock valued at $67,153,000 after buying an additional 133,438 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of The Andersons by 2.0% in the third quarter. Victory Capital Management Inc. now owns 1,656,655 shares of the company’s stock valued at $59,938,000 after buying an additional 32,400 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of The Andersons by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 684,764 shares of the company’s stock valued at $24,775,000 after buying an additional 11,479 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.
The Andersons Company Profile
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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