Darling Ingredients (DAR) Scheduled to Post Quarterly Earnings on Wednesday

Darling Ingredients (NYSE:DAR) will post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Darling Ingredients to post earnings of $0.68 per share for the quarter.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. On average, analysts expect Darling Ingredients to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Darling Ingredients Stock Performance

NYSE DAR opened at $41.18 on Friday. The stock has a 50-day simple moving average of $43.83 and a two-hundred day simple moving average of $44.75. The firm has a market capitalization of $6.58 billion, a P/E ratio of 10.35 and a beta of 1.29. Darling Ingredients has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86.

Insiders Place Their Bets

In other news, Director Kurt Stoffel acquired 8,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was bought at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the purchase, the director now owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Darling Ingredients

A number of large investors have recently made changes to their positions in DAR. IFP Advisors Inc grew its position in shares of Darling Ingredients by 38.9% in the second quarter. IFP Advisors Inc now owns 689 shares of the company’s stock valued at $44,000 after purchasing an additional 193 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in Darling Ingredients in the fourth quarter valued at approximately $51,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Darling Ingredients by 624.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $63,000 after acquiring an additional 862 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Darling Ingredients by 104.4% in the first quarter. Advisory Services Network LLC now owns 1,243 shares of the company’s stock valued at $73,000 after acquiring an additional 635 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Darling Ingredients by 251.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,963 shares of the company’s stock valued at $115,000 after acquiring an additional 1,405 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DAR shares. Citigroup lifted their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Scotiabank reduced their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. reduced their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday. Stephens dropped their target price on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, BMO Capital Markets reduced their price target on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.55.

About Darling Ingredients

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.