Andersons (NASDAQ:ANDE) Announces Earnings Results, Misses Estimates By $0.07 EPS

Andersons (NASDAQ:ANDE) announced its quarterly earnings data on Tuesday. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was down 30.0% compared to the same quarter last year.

Andersons Stock Performance

ANDE traded down $3.48 during trading on Wednesday, reaching $52.66. 101,181 shares of the company were exchanged, compared to its average volume of 180,507. Andersons has a 52 week low of $35.69 and a 52 week high of $61.46. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $56.14 and a 200 day moving average of $53.93. The stock has a market cap of $1.79 billion, a P/E ratio of 17.78 and a beta of 0.69.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons’s dividend payout ratio (DPR) is 25.85%.

Insider Buying and Selling at Andersons

In related news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the sale, the director now directly owns 209,968 shares in the company, valued at approximately $12,388,112. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Michael J. Anderson sold 3,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the transaction, the director now directly owns 209,968 shares of the company’s stock, valued at approximately $12,388,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick E. Bowe sold 3,387 shares of Andersons stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the sale, the chief executive officer now directly owns 85,159 shares in the company, valued at approximately $5,110,391.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,245 shares of company stock worth $2,534,099. 5.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ANDE. Roth Capital reiterated a “buy” rating and issued a $65.00 price target on shares of Andersons in a report on Tuesday, February 6th. StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $62.50.

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.