Darling Ingredients (NYSE:DAR) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Darling Ingredients (NYSE:DAR) posted its quarterly earnings results on Thursday. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10, Briefing.com reports. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a return on equity of 8.35% and a net margin of 6.04%. Darling Ingredients’s revenue was down 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 EPS.

Darling Ingredients Trading Down 1.8 %

DAR stock traded down $0.71 during trading on Friday, hitting $38.87. The company had a trading volume of 3,956,900 shares, compared to its average volume of 1,794,734. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Darling Ingredients has a one year low of $33.94 and a one year high of $71.60. The business has a 50-day moving average of $37.79 and a 200-day moving average of $41.76. The stock has a market cap of $6.21 billion, a PE ratio of 11.64 and a beta of 1.26.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Stifel Nicolaus cut their target price on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Scotiabank lowered their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, June 12th. Finally, Jefferies Financial Group reduced their price objective on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.27.

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.