Andersons Inc (NASDAQ:ANDE) – Investment analysts at Seaport Global Securities issued their Q2 2020 earnings per share (EPS) estimates for Andersons in a report released on Tuesday, July 28th. Seaport Global Securities analyst E. Larson anticipates that the basic materials company will earn $0.05 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Andersons’ Q3 2020 earnings at ($0.02) EPS, Q4 2020 earnings at $0.63 EPS, FY2020 earnings at ($1.02) EPS, Q1 2021 earnings at ($0.21) EPS, Q2 2021 earnings at $0.65 EPS, Q3 2021 earnings at $0.10 EPS, Q4 2021 earnings at $0.76 EPS and FY2021 earnings at $1.29 EPS.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported ($1.32) EPS for the quarter, missing the consensus estimate of ($0.26) by ($1.06). Andersons had a positive return on equity of 0.47% and a negative net margin of 0.07%. The business had revenue of $1.85 billion during the quarter.

Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Saturday. BidaskClub upgraded shares of Andersons from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Andersons from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, TheStreet lowered shares of Andersons from a “c” rating to a “d+” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.67.

Andersons stock opened at $14.22 on Friday. Andersons has a 52 week low of $10.00 and a 52 week high of $28.82. The company has a quick ratio of 0.57, a current ratio of 1.32 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $13.70 and its 200 day simple moving average is $16.92. The firm has a market capitalization of $475.73 million, a PE ratio of -79.00 and a beta of 0.73.

Hedge funds have recently made changes to their positions in the company. TFO TDC LLC purchased a new position in shares of Andersons during the 1st quarter worth about $44,000. Aigen Investment Management LP lifted its holdings in shares of Andersons by 84.3% during the 1st quarter. Aigen Investment Management LP now owns 3,370 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 1,541 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Andersons by 164.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,138 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 2,572 shares in the last quarter. Victory Capital Management Inc. increased its position in Andersons by 28.8% during the 4th quarter. Victory Capital Management Inc. now owns 6,709 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 1,501 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in Andersons during the 1st quarter worth approximately $204,000. Institutional investors and hedge funds own 79.96% of the company’s stock.

In related news, Director Patrick S. Mullin acquired 17,513 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $12.06 per share, for a total transaction of $211,206.78. Following the acquisition, the director now directly owns 39,299 shares in the company, valued at approximately $473,945.94. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen F. Dowdle acquired 4,500 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $14.39 per share, for a total transaction of $64,755.00. Following the completion of the acquisition, the director now owns 21,065 shares in the company, valued at $303,125.35. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 42,013 shares of company stock worth $549,662. 7.10% of the stock is owned by insiders.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th were issued a $0.175 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.70 dividend on an annualized basis and a yield of 4.92%. Andersons’s dividend payout ratio (DPR) is 53.85%.

About Andersons

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

Read More: Compound Annual Growth Rate (CAGR)

Earnings History and Estimates for Andersons (NASDAQ:ANDE)

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