Andersons (NASDAQ:ANDE) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Andersons (NASDAQ:ANDE) issued its quarterly earnings results on Tuesday. The basic materials company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04), Briefing.com reports. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $3.20 billion. Andersons had a net margin of 0.89% and a return on equity of 7.93%. The company’s quarterly revenue was down 30.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS.

Andersons Trading Down 0.9 %

Shares of Andersons stock traded down $0.43 on Friday, hitting $47.72. 2,000 shares of the company’s stock traded hands, compared to its average volume of 178,427. Andersons has a one year low of $45.07 and a one year high of $61.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.04 and a quick ratio of 1.13. The company has a fifty day moving average of $50.04 and a two-hundred day moving average of $52.92. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 13.58 and a beta of 0.61.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. Andersons’s payout ratio is 21.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research note on Thursday.

Andersons Company Profile

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.