Zacks: Analysts Expect Darling Ingredients Inc (NYSE:DAR) Will Post Quarterly Sales of $826.12 Million

Wall Street brokerages forecast that Darling Ingredients Inc (NYSE:DAR) will post $826.12 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Darling Ingredients’ earnings, with estimates ranging from $803.50 million to $850.00 million. Darling Ingredients reported sales of $827.32 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.1%. The company is expected to issue its next earnings report on Wednesday, August 5th.

On average, analysts expect that Darling Ingredients will report full-year sales of $3.40 billion for the current financial year, with estimates ranging from $3.31 billion to $3.45 billion. For the next year, analysts expect that the firm will report sales of $3.50 billion, with estimates ranging from $3.43 billion to $3.57 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Darling Ingredients.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.09. The business had revenue of $852.84 million during the quarter, compared to analyst estimates of $851.13 million. Darling Ingredients had a net margin of 11.24% and a return on equity of 11.70%. Darling Ingredients’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS.

A number of brokerages have commented on DAR. JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Zacks Investment Research lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Friday, May 8th. ValuEngine lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Finally, Goldman Sachs Group upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and upped their target price for the stock from $29.00 to $37.00 in a research note on Monday, March 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.25.

DAR stock traded up $0.18 during midday trading on Monday, reaching $23.25. 2,186,800 shares of the company’s stock traded hands, compared to its average volume of 1,533,323. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 10.29 and a beta of 1.26. The firm’s fifty day moving average price is $22.96 and its 200-day moving average price is $24.02. The company has a quick ratio of 0.84, a current ratio of 1.43 and a debt-to-equity ratio of 0.67. Darling Ingredients has a 52 week low of $10.25 and a 52 week high of $29.57.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Archer Investment Corp bought a new position in Darling Ingredients during the fourth quarter valued at about $33,000. USA Financial Portformulas Corp bought a new position in Darling Ingredients during the first quarter valued at about $33,000. C M Bidwell & Associates Ltd. bought a new position in Darling Ingredients during the first quarter valued at about $42,000. State of Michigan Retirement System bought a new position in Darling Ingredients during the first quarter valued at about $46,000. Finally, Macquarie Group Ltd. bought a new position in Darling Ingredients during the fourth quarter valued at about $61,000. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Darling Ingredients Company Profile

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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