Darling Ingredients (NYSE:DAR) Posts Earnings Results, Beats Expectations By $0.10 EPS

Darling Ingredients (NYSE:DAR) announced its quarterly earnings data on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10, Briefing.com reports. Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The business’s revenue was down 17.2% compared to the same quarter last year.

Darling Ingredients Stock Performance

DAR stock traded down $0.70 during trading hours on Friday, hitting $38.88. 3,956,862 shares of the stock were exchanged, compared to its average volume of 2,263,874. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $6.21 billion, a P/E ratio of 11.72 and a beta of 1.26. The company has a 50-day simple moving average of $37.88 and a two-hundred day simple moving average of $41.81. Darling Ingredients has a 12 month low of $33.94 and a 12 month high of $71.60.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus dropped their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. TD Cowen dropped their price objective on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, June 13th. Scotiabank dropped their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Jefferies Financial Group dropped their price objective on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.27.

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.