Andersons (NASDAQ:ANDE) Announces Quarterly Earnings Results

Andersons (NASDAQ:ANDE) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Andersons’s revenue for the quarter was down 30.0% compared to the same quarter last year.

Andersons Price Performance

Shares of ANDE traded down $3.47 during mid-day trading on Wednesday, reaching $52.67. The company had a trading volume of 92,996 shares, compared to its average volume of 180,303. The company’s 50-day moving average is $56.14 and its 200-day moving average is $53.93. Andersons has a twelve month low of $35.69 and a twelve month high of $61.46. The company has a market capitalization of $1.79 billion, a P/E ratio of 17.78 and a beta of 0.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.44%. Andersons’s payout ratio is presently 25.85%.

Insider Activity at Andersons

In other Andersons news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $55.22, for a total value of $144,842.06. Following the transaction, the chief executive officer now directly owns 90,653 shares in the company, valued at approximately $5,005,858.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Andersons news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total transaction of $177,000.00. Following the transaction, the director now directly owns 209,968 shares in the company, valued at $12,388,112. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick E. Bowe sold 2,623 shares of Andersons stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the sale, the chief executive officer now directly owns 90,653 shares in the company, valued at approximately $5,005,858.66. The disclosure for this sale can be found here. Insiders sold 45,245 shares of company stock valued at $2,534,099 in the last three months. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Roth Capital reissued a “buy” rating and set a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Andersons has a consensus rating of “Buy” and a consensus 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.