Andersons (ANDE) Scheduled to Post Quarterly Earnings on Tuesday

Andersons (NASDAQ:ANDE) will be releasing its earnings data after the market closes on Tuesday, May 7th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.11 by $0.48. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the business posted $0.98 earnings per share. The company’s quarterly revenue was down 31.3% on a year-over-year basis. On average, analysts expect Andersons to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Andersons Trading Down 1.9 %

ANDE traded down $1.07 during mid-day trading on Tuesday, hitting $56.20. 27,189 shares of the stock were exchanged, compared to its average volume of 182,199. Andersons has a 1-year low of $35.69 and a 1-year high of $61.46. The firm’s fifty day moving average is $55.86 and its two-hundred day moving average is $53.73. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.91 billion, a PE ratio of 19.48 and a beta of 0.68.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.35%. Andersons’s payout ratio is currently 25.85%.

Insider Transactions at Andersons

In related news, CEO Patrick E. Bowe sold 34,597 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the sale, the chief executive officer now owns 83,515 shares in the company, valued at $4,631,741.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the transaction, the chief executive officer now owns 83,515 shares in the company, valued at approximately $4,631,741.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick E. Bowe sold 1,338 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the sale, the chief executive officer now directly owns 89,315 shares in the company, valued at approximately $4,923,042.80. The disclosure for this sale can be found here. Insiders have sold a total of 45,245 shares of company stock worth $2,534,099 over the last ninety days. 5.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on ANDE shares. Roth Capital reaffirmed a “buy” rating and set a $65.00 price target on shares of Andersons in a report on Tuesday, February 6th. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $62.50.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.