Roth Capital Brokers Increase Earnings Estimates for Darling Ingredients Inc. (DAR)
Darling Ingredients Inc. (NYSE:DAR) – Stock analysts at Roth Capital lifted their Q4 2016 EPS estimates for Darling Ingredients in a report released on Monday. Roth Capital analyst C. Irwin now expects that the brokerage will post earnings per share of $0.22 for the quarter, up from their previous forecast of $0.21. Roth Capital currently has a “Buy” rating and a $16.50 target price on the stock.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Darling Ingredients had a return on equity of 7.34% and a net margin of 4.40%. The firm had revenue of $853.90 million for the quarter, compared to the consensus estimate of $858.92 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year.
Several other analysts have also recently issued reports on DAR. TheStreet upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, August 15th. Zacks Investment Research cut Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Canaccord Genuity set a $18.00 price objective on Darling Ingredients and gave the company a “buy” rating in a research note on Thursday, September 15th. Finally, BMO Capital Markets restated an “outperform” rating and set a $18.00 price objective on shares of Darling Ingredients in a research note on Friday, September 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Darling Ingredients currently has an average rating of “Buy” and an average target price of $16.94.
Shares of Darling Ingredients (NYSE:DAR) opened at 13.62 on Wednesday. The company has a 50 day moving average price of $13.48 and a 200-day moving average price of $14.33. Darling Ingredients has a 1-year low of $7.78 and a 1-year high of $15.93. The stock has a market capitalization of $2.24 billion, a P/E ratio of 15.34 and a beta of 1.86.
In related news, EVP John Bullock sold 11,258 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $14.18, for a total value of $159,638.44. Following the completion of the transaction, the executive vice president now directly owns 115,711 shares of the company’s stock, valued at approximately $1,640,781.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.75% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of DAR. Dimensional Fund Advisors LP raised its position in shares of Darling Ingredients by 28.1% in the second quarter. Dimensional Fund Advisors LP now owns 9,934,020 shares of the company’s stock worth $148,015,000 after buying an additional 2,178,258 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Darling Ingredients by 211.2% in the second quarter. Loomis Sayles & Co. L P now owns 1,853,005 shares of the company’s stock worth $27,610,000 after buying an additional 1,257,477 shares during the period. Ameriprise Financial Inc. raised its position in shares of Darling Ingredients by 70.6% in the second quarter. Ameriprise Financial Inc. now owns 2,792,266 shares of the company’s stock worth $41,604,000 after buying an additional 1,155,824 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Darling Ingredients during the third quarter worth about $15,537,000. Finally, Carlson Capital L P acquired a new position in shares of Darling Ingredients during the second quarter worth about $16,390,000. 96.80% of the stock is owned by institutional investors and hedge funds.
About Darling Ingredients
Darling Ingredients Inc, formerly Darling International Inc, is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries.
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