Darling Ingredients (NYSE:DAR) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Darling Ingredients (NYSE:DAR) released its quarterly earnings results on Thursday. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Briefing.com reports. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s revenue for the quarter was down 20.7% on a year-over-year basis.

Darling Ingredients Stock Down 1.9 %

DAR stock traded down $0.85 on Friday, reaching $44.41. 943,562 shares of the company traded hands, compared to its average volume of 2,083,067. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. The firm has a fifty day simple moving average of $43.97 and a 200-day simple moving average of $44.58. Darling Ingredients has a one year low of $38.97 and a one year high of $71.60. The company has a market cap of $7.10 billion, a P/E ratio of 11.10 and a beta of 1.29.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Scotiabank reduced their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. Stephens lowered their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. BMO Capital Markets reduced their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Citigroup lifted their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Stifel Nicolaus cut their price target on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average target price of $72.55.

Insiders Place Their Bets

In other Darling Ingredients news, Director Kurt Stoffel purchased 8,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was purchased at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the purchase, the director now directly owns 10,571 shares of the company’s stock, valued at $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

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.