Darling Ingredients (DAR) Set to Announce Quarterly Earnings on Thursday

Darling Ingredients (NYSE:DAR) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The company’s revenue was down 17.2% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. On average, analysts expect Darling Ingredients to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Darling Ingredients Trading Up 0.9 %

Darling Ingredients stock opened at $38.55 on Wednesday. Darling Ingredients has a 52 week low of $32.67 and a 52 week high of $51.36. The stock has a market cap of $6.16 billion, a PE ratio of 11.54 and a beta of 1.24. The stock has a 50-day moving average price of $37.72 and a 200 day moving average price of $39.06. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95.

Insider Activity

In related news, EVP Robert W. Day purchased 2,532 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average cost of $39.37 per share, with a total value of $99,684.84. Following the completion of the purchase, the executive vice president now owns 12,607 shares of the company’s stock, valued at $496,337.59. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DAR has been the topic of a number of recent analyst reports. Piper Sandler cut their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. TD Cowen cut their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Scotiabank reduced their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, Jefferies Financial Group reduced their price objective on shares of Darling Ingredients from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.70.

Darling Ingredients Company Profile

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.