Andersons Inc to Post Q2 2020 Earnings of $0.05 Per Share, Seaport Global Securities Forecasts (NASDAQ:ANDE)
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.
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%.
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.
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