Andersons (NASDAQ:ANDE) Announces Earnings Results

Andersons (NASDAQ:ANDE) released its earnings results on Tuesday. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.46 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The firm’s revenue for the quarter was down 30.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share.

Andersons Stock Performance

Shares of ANDE stock opened at $51.45 on Thursday. The company’s 50 day moving average is $56.07 and its 200 day moving average is $53.91. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 17.50 and a beta of 0.69. Andersons has a 52-week low of $35.69 and a 52-week high of $61.46.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. Andersons’s payout ratio is presently 25.85%.

Insider Buying and Selling at Andersons

In other Andersons news, CEO Patrick E. Bowe sold 34,597 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the transaction, the chief executive officer now directly owns 83,515 shares in the company, valued at $4,631,741.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Patrick E. Bowe sold 2,623 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $55.22, for a total transaction of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares in the company, valued at approximately $5,005,858.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick E. Bowe sold 34,597 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total value of $1,918,749.62. Following the transaction, the chief executive officer now owns 83,515 shares in the company, valued at $4,631,741.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,245 shares of company stock valued at $2,534,099. 5.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ANDE has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Roth Capital reissued a “buy” rating and issued a $65.00 price objective on shares of Andersons in a research note on Tuesday, February 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $62.50.

About Andersons

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.