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

Darling Ingredients (NYSE:DAR) issued its quarterly earnings data on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10, Briefing.com reports. Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm earned $1.55 EPS. Darling Ingredients’s quarterly revenue was down 17.2% compared to the same quarter last year.

Darling Ingredients Stock Down 1.8 %

Shares of Darling Ingredients stock traded down $0.70 on Friday, reaching $38.88. 3,956,862 shares of the company were exchanged, compared to its average volume of 2,263,874. Darling Ingredients has a one year low of $33.94 and a one year high of $71.60. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 11.72 and a beta of 1.26. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $37.88 and a 200 day moving average of $41.81.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DAR. Stifel Nicolaus decreased their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, May 20th. JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. TD Cowen decreased their price objective on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, June 13th. Jefferies Financial Group reduced their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday. Finally, Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.