Darling Ingredients (NYSE:DAR) Releases Quarterly Earnings Results, Misses Expectations By $0.29 EPS

Darling Ingredients (NYSE:DAR) released its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29), Briefing.com reports. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. Darling Ingredients’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share.

Darling Ingredients Trading Up 3.1 %

Shares of Darling Ingredients stock traded up $1.16 during trading on Friday, reaching $38.92. 1,486,506 shares of the stock were exchanged, compared to its average volume of 2,160,138. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 11.75 and a beta of 1.24. The stock’s fifty day moving average is $37.61 and its 200 day moving average is $39.05. Darling Ingredients has a 1 year low of $32.67 and a 1 year high of $51.36.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group raised their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen lowered their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Scotiabank lowered their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, Piper Sandler cut their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Two research 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 stock. According to MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $55.90.

Insider Transactions at Darling Ingredients

In other news, EVP Robert W. Day acquired 2,532 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average cost of $39.37 per share, with a total value of $99,684.84. Following the transaction, the executive vice president now owns 12,607 shares of the company’s stock, valued at $496,337.59. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.62% of the company’s stock.

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.