Andersons (NASDAQ:ANDE) Shares Gap Down After Earnings Miss

The Andersons, Inc. (NASDAQ:ANDE)’s stock price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $56.14, but opened at $52.14. Andersons shares last traded at $52.68, with a volume of 60,738 shares trading hands.

The basic materials company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.07). Andersons had a net margin of 0.69% and a return on equity of 8.19%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue was down 30.0% on a year-over-year basis.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.43%. Andersons’s dividend payout ratio (DPR) is presently 25.85%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Roth Capital restated a “buy” rating and set a $65.00 price objective 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 report on Thursday, January 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $62.50.

Insider Activity

In other Andersons news, CEO Patrick E. Bowe sold 2,623 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $55.22, for a total transaction of $144,842.06. Following the transaction, the chief executive officer now owns 90,653 shares of the company’s stock, valued at approximately $5,005,858.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Patrick E. Bowe sold 1,338 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the completion of the sale, the chief executive officer now directly owns 89,315 shares of the company’s stock, valued at $4,923,042.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick E. Bowe sold 2,623 shares of Andersons stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $55.22, for a total transaction of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares of the company’s stock, valued at approximately $5,005,858.66. The disclosure for this sale can be found here. Insiders sold 45,245 shares of company stock worth $2,534,099 in the last quarter. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Andersons

A number of large investors have recently added to or reduced their stakes in ANDE. SummerHaven Investment Management LLC lifted its position in shares of Andersons by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 15,650 shares of the basic materials company’s stock valued at $901,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC lifted its position in Andersons by 65.8% during the first quarter. GAMMA Investing LLC now owns 524 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 208 shares during the period. Cornercap Investment Counsel Inc. grew its stake in Andersons by 1.6% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 13,790 shares of the basic materials company’s stock worth $793,000 after buying an additional 222 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Andersons by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 10,834 shares of the basic materials company’s stock valued at $622,000 after buying an additional 235 shares during the period. Finally, Summit Place Financial Advisors LLC raised its position in shares of Andersons by 1.2% in the 1st quarter. Summit Place Financial Advisors LLC now owns 20,616 shares of the basic materials company’s stock valued at $1,183,000 after buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Stock Performance

The stock’s fifty day moving average price is $56.14 and its two-hundred day moving average price is $53.93. The company has a market cap of $1.81 billion, a P/E ratio of 17.78 and a beta of 0.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72.

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.