Andersons (NASDAQ:ANDE) Releases Earnings Results, Beats Estimates By $0.34 EPS

Andersons (NASDAQ:ANDE) announced its quarterly earnings data on Tuesday. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.34, Zacks reports. Andersons had a net margin of 1.06% and a return on equity of 8.21%.

Andersons Trading Up 0.5 %

Andersons stock traded up $0.22 during midday trading on Tuesday, reaching $40.77. The stock had a trading volume of 422,769 shares, compared to its average volume of 248,675. The stock has a market capitalization of $1.39 billion, a PE ratio of 11.65 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The stock’s 50-day simple moving average is $41.90 and its 200 day simple moving average is $46.01. Andersons has a twelve month low of $39.25 and a twelve month high of $61.46.

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 1st. Andersons’s dividend payout ratio (DPR) is currently 22.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ANDE shares. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Andersons in a report on Thursday, January 2nd.

Insider Transactions at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the sale, the insider now owns 49,601 shares of the company’s stock, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

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.