Darling Ingredients (NYSE:DAR) Issues Quarterly Earnings Results

Darling Ingredients (NYSE:DAR) released its quarterly earnings results on Thursday. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.15, Zacks reports. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded up $2.40 on Thursday, reaching $38.45. The company’s stock had a trading volume of 3,242,340 shares, compared to its average volume of 2,092,441. Darling Ingredients has a 52-week low of $32.55 and a 52-week high of $48.39. The company has a market cap of $6.12 billion, a P/E ratio of 23.73 and a beta of 1.21. The company has a 50-day simple moving average of $35.56 and a 200 day simple moving average of $37.45. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stephens restated an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Piper Sandler decreased their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Citigroup decreased their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.22.

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.