Darling Ingredients Inc (DAR) Expected to Post Quarterly Sales of $871.62 Million

Brokerages expect Darling Ingredients Inc (NYSE:DAR) to report $871.62 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Darling Ingredients’ earnings. The highest sales estimate is $890.00 million and the lowest is $853.24 million. Darling Ingredients reported sales of $937.68 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 7%. The company is expected to issue its next earnings results on Tuesday, November 6th.

On average, analysts expect that Darling Ingredients will report full year sales of $3.55 billion for the current year, with estimates ranging from $3.45 billion to $3.66 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.54 billion per share, with estimates ranging from $3.48 billion to $3.60 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Darling Ingredients.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $846.65 million for the quarter, compared to analyst estimates of $868.36 million. Darling Ingredients had a return on equity of 6.01% and a net margin of 4.99%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share.

A number of brokerages have recently commented on DAR. BMO Capital Markets raised their price target on Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 10th. Zacks Investment Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Wednesday, July 11th. Finally, JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $20.71.

Shares of DAR opened at $18.77 on Tuesday. The firm has a market cap of $3.13 billion, a PE ratio of 78.21 and a beta of 1.39. The company has a current ratio of 1.90, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. Darling Ingredients has a one year low of $15.80 and a one year high of $20.96.

A number of large investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC increased its stake in Darling Ingredients by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 181,526 shares of the company’s stock worth $3,609,000 after purchasing an additional 2,721 shares in the last quarter. Hilltop Holdings Inc. increased its stake in Darling Ingredients by 8.3% in the 2nd quarter. Hilltop Holdings Inc. now owns 37,189 shares of the company’s stock worth $739,000 after purchasing an additional 2,842 shares in the last quarter. Mason Street Advisors LLC increased its stake in Darling Ingredients by 6.7% in the 1st quarter. Mason Street Advisors LLC now owns 45,694 shares of the company’s stock worth $791,000 after purchasing an additional 2,853 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Darling Ingredients by 7.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 45,484 shares of the company’s stock worth $904,000 after purchasing an additional 2,963 shares in the last quarter. Finally, Piedmont Investment Advisors LLC increased its stake in Darling Ingredients by 9.0% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 38,357 shares of the company’s stock worth $763,000 after purchasing an additional 3,152 shares in the last quarter. 99.07% of the stock is currently owned by hedge funds and other institutional investors.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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