Equities research analysts expect The Andersons, Inc. (NASDAQ:ANDE) to post $0.08 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for The Andersons’ earnings. The Andersons posted earnings per share of $0.07 in the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, May 7th.
On average, analysts expect that The Andersons will report full year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.72 to $2.15. For the next financial year, analysts forecast that the company will post earnings of $2.35 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for The Andersons.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.20. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.21 billion. The Andersons had a net margin of 1.12% and a return on equity of 4.83%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share.
Several equities analysts have weighed in on the stock. TheStreet raised shares of The Andersons from a “c+” rating to a “b” rating in a research note on Wednesday, March 21st. BidaskClub lowered shares of The Andersons from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Finally, ValuEngine lowered shares of The Andersons from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.50.
The Andersons stock traded up $0.05 during mid-day trading on Thursday, hitting $33.75. The company’s stock had a trading volume of 105,414 shares, compared to its average volume of 129,529. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.47 and a current ratio of 1.35. The firm has a market cap of $959.68, a price-to-earnings ratio of 29.35 and a beta of 1.17. The Andersons has a twelve month low of $29.60 and a twelve month high of $38.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 2nd will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, March 29th. The Andersons’s payout ratio is presently 57.39%.
In related news, Director Rasesh H. Shah sold 20,000 shares of The Andersons stock in a transaction on Friday, March 9th. The shares were sold at an average price of $36.25, for a total value of $725,000.00. Following the transaction, the director now owns 41,862 shares in the company, valued at approximately $1,517,497.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Naran Uchur Burchinow sold 800 shares of The Andersons stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $36.05, for a total transaction of $28,840.00. Following the completion of the transaction, the vice president now owns 25,463 shares in the company, valued at approximately $917,941.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,000 shares of company stock valued at $1,143,430. 5.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in The Andersons by 82.7% in the 3rd quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 2,489 shares during the period. Teacher Retirement System of Texas bought a new position in The Andersons in the 4th quarter worth $284,000. Stone Ridge Asset Management LLC bought a new position in The Andersons in the 4th quarter worth $323,000. MetLife Investment Advisors LLC bought a new position in The Andersons in the 4th quarter worth $413,000. Finally, Crossmark Global Holdings Inc. raised its holdings in The Andersons by 32.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,695 shares of the basic materials company’s stock worth $427,000 after acquiring an additional 3,330 shares during the period. Hedge funds and other institutional investors own 77.71% of the company’s stock.
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The Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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