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

Darling Ingredients (NYSE:DAR) announced its quarterly earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01), Briefing.com reports. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share.

Darling Ingredients Stock Performance

NYSE:DAR opened at $44.68 on Friday. The company has a current ratio of 4.20, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. Darling Ingredients has a 12-month low of $38.97 and a 12-month high of $71.60. The stock has a 50-day moving average price of $44.01 and a 200 day moving average price of $44.56. The stock has a market capitalization of $7.14 billion, a P/E ratio of 13.38 and a beta of 1.29.

Insider Buying and Selling

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Scotiabank lowered their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. BMO Capital Markets lowered their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. reduced their price target 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. Stifel Nicolaus reduced their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, Citigroup upped their price target on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average price target of $72.55.

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.