Andersons (NASDAQ:ANDE) Issues Earnings Results

Andersons (NASDAQ:ANDE) issued its quarterly earnings results on Tuesday. The basic materials company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.04), Briefing.com reports. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $3.20 billion. Andersons had a net margin of 0.89% and a return on equity of 7.93%. The company’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share.

Andersons Stock Down 0.8 %

Shares of ANDE traded down $0.39 on Wednesday, hitting $47.34. The company’s stock had a trading volume of 177,890 shares, compared to its average volume of 178,773. The company has a quick ratio of 1.13, a current ratio of 2.04 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.24 and a beta of 0.61. The firm’s fifty day moving average price is $50.20 and its 200-day moving average price is $52.99. Andersons has a fifty-two week low of $45.07 and a fifty-two week high of $61.46.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 1st were given a dividend of $0.19 per share. The ex-dividend date was Monday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.61%. Andersons’s dividend payout ratio is 21.47%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th.

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.