Darling Ingredients (NYSE:DAR) Announces Earnings Results, Misses Expectations By $0.01 EPS

Darling Ingredients (NYSE:DAR) issued its quarterly earnings data on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01), Briefing.com reports. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The firm’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share.

Darling Ingredients Stock Down 1.6 %

NYSE DAR traded down $0.74 during trading hours on Friday, hitting $44.52. The company had a trading volume of 1,324,607 shares, compared to its average volume of 2,088,055. Darling Ingredients has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The firm’s 50 day moving average is $43.97 and its 200 day moving average is $44.58. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 11.16 and a beta of 1.29.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DAR. Stephens cut their price target on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. reduced their target price on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. BMO Capital Markets lowered their price target on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Citigroup raised their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Scotiabank dropped their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.55.

Insider Activity at Darling Ingredients

In other news, Director Kurt Stoffel bought 8,000 shares of Darling Ingredients stock in a transaction dated Thursday, February 29th. The shares were acquired at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the transaction, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.62% of the company’s stock.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.