Wall Street brokerages expect Darling Ingredients Inc (NYSE:DAR) to announce sales of $847.28 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Darling Ingredients’ earnings, with the highest sales estimate coming in at $860.00 million and the lowest estimate coming in at $834.55 million. Darling Ingredients reported sales of $842.05 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The firm is expected to report its next earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that Darling Ingredients will report full-year sales of $3.41 billion for the current fiscal year, with estimates ranging from $3.38 billion to $3.45 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.47 billion, with estimates ranging from $3.43 billion to $3.52 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Darling Ingredients.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.09. Darling Ingredients had a net margin of 12.32% and a return on equity of 12.89%. The company had revenue of $848.67 million during the quarter, compared to the consensus estimate of $826.12 million.
In related news, Director Dirk Kloosterboer sold 77,500 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $32.56, for a total transaction of $2,523,400.00. Following the completion of the transaction, the director now directly owns 208,448 shares of the company’s stock, valued at $6,787,066.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brenda Snell sold 10,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $33.00, for a total transaction of $330,000.00. Following the transaction, the chief accounting officer now directly owns 32,695 shares of the company’s stock, valued at $1,078,935. The disclosure for this sale can be found here. Insiders have sold 127,500 shares of company stock valued at $4,173,000 over the last three months. 2.96% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in Darling Ingredients by 25.3% during the first quarter. Wells Fargo & Company MN now owns 906,462 shares of the company’s stock worth $17,376,000 after purchasing an additional 182,884 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Darling Ingredients in the first quarter valued at about $267,000. AQR Capital Management LLC increased its holdings in Darling Ingredients by 34.3% in the second quarter. AQR Capital Management LLC now owns 107,788 shares of the company’s stock valued at $2,563,000 after buying an additional 27,558 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Darling Ingredients by 240.8% in the first quarter. The Manufacturers Life Insurance Company now owns 333,781 shares of the company’s stock valued at $6,399,000 after buying an additional 235,833 shares in the last quarter. Finally, Prudential PLC increased its holdings in Darling Ingredients by 7.6% in the second quarter. Prudential PLC now owns 17,461 shares of the company’s stock valued at $430,000 after buying an additional 1,228 shares in the last quarter.
NYSE DAR traded up $0.79 during trading hours on Wednesday, hitting $44.43. The company had a trading volume of 829,981 shares, compared to its average volume of 1,436,474. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.54. Darling Ingredients has a 1-year low of $10.25 and a 1-year high of $44.90. The company has a market cap of $7.20 billion, a PE ratio of 17.84 and a beta of 1.26. The business has a 50 day moving average of $35.81 and a 200-day moving average of $27.15.
About Darling Ingredients
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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