Andersons (NASDAQ:ANDE) Announces Earnings Results, Beats Estimates By $0.37 EPS

Andersons (NASDAQ:ANDE) released its quarterly earnings results on Monday. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.37, Briefing.com reports. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. Andersons’s revenue for the quarter was down 27.9% on a year-over-year basis.

Andersons Trading Up 0.4 %

ANDE stock traded up $0.18 during mid-day trading on Thursday, reaching $49.04. 32,069 shares of the stock traded hands, compared to its average volume of 168,725. Andersons has a one year low of $41.76 and a one year high of $61.46. The stock has a market capitalization of $1.67 billion, a PE ratio of 16.40 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. The business has a 50-day moving average price of $48.29 and a two-hundred day moving average price of $50.13.

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, October 1st. Andersons’s dividend payout ratio is currently 25.50%.

Analyst Ratings Changes

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

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.