Darling Ingredients (NYSE:DAR) Releases Quarterly Earnings Results, Misses Estimates By $0.29 EPS

Darling Ingredients (NYSE:DAR) posted its quarterly earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29), Briefing.com reports. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year.

Darling Ingredients Price Performance

Shares of NYSE DAR traded up $1.44 during mid-day trading on Friday, reaching $39.20. The company’s stock had a trading volume of 1,440,554 shares, compared to its average volume of 2,159,916. The firm has a market capitalization of $6.26 billion, a PE ratio of 11.75 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91. The stock has a fifty day moving average of $37.61 and a two-hundred day moving average of $39.05. Darling Ingredients has a 52 week low of $32.67 and a 52 week high of $51.36.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DAR shares. TD Cowen decreased their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Piper Sandler decreased their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Jefferies Financial Group boosted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Scotiabank cut their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average price target of $55.90.

Insider Transactions at Darling Ingredients

In other news, EVP Robert W. Day bought 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the transaction, the executive vice president now owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.62% of the company’s stock.

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.