Andersons (ANDE) Posts Earnings Results, Beats Estimates By $0.20 EPS
Andersons (NASDAQ:ANDE) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20, Bloomberg Earnings reports. Andersons had a negative net margin of 0.45% and a positive return on equity of 3.91%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business posted $0.36 earnings per share. The business’s revenue was down 9.8% compared to the same quarter last year.
Shares of Andersons (ANDE) opened at $31.80 on Thursday. The company has a market cap of $887.54, a PE ratio of -53.00 and a beta of 1.28. Andersons has a fifty-two week low of $29.60 and a fifty-two week high of $41.45. The company has a current ratio of 1.36, a quick ratio of 0.56 and a debt-to-equity ratio of 0.50.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 2nd were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.66 dividend on an annualized basis and a yield of 2.08%. This is an increase from Andersons’s previous quarterly dividend of $0.16. Andersons’s payout ratio is currently -110.00%.
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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. The Company operates through segments, including Grain, Ethanol, Rail and Plant Nutrient. Its Grain business operates grain elevators in various states in the United States Corn Belt.
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