Andersons (NASDAQ:ANDE) Releases Earnings Results, Beats Estimates By $0.27 EPS

Andersons (NASDAQ:ANDE) announced its quarterly earnings data on Tuesday. The basic materials company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.27, FiscalAI reports. Andersons had a return on equity of 16.23% and a net margin of 1.62%. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.97 billion.

Andersons Price Performance

Shares of NASDAQ ANDE traded down $1.30 during midday trading on Tuesday, reaching $62.67. 402,739 shares of the stock traded hands, compared to its average volume of 338,873. The company’s 50 day moving average is $66.91 and its 200 day moving average is $69.05. Andersons has a one year low of $45.83 and a one year high of $82.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81. The stock has a market capitalization of $2.13 billion, a PE ratio of 12.10 and a beta of 0.63.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, October 1st. Andersons’s dividend payout ratio is 15.44%.

Analyst Ratings Changes

Several equities analysts have commented on ANDE shares. Weiss Ratings raised Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. BMO Capital Markets upped their target price on shares of Andersons from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on shares of Andersons in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Andersons from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $95.00.

About Andersons

The Andersons, Inc (NASDAQ: ANDE) is an agribusiness company that provides products and services supporting the agricultural supply chain. Founded in 1947 and headquartered in Maumee, Ohio, the company serves farmers, agricultural retailers, manufacturers, and other customers primarily in North America.

The company’s Trade segment merchandises and manages the movement and storage of grains and other agricultural commodities. Its operations include grain elevators, commodity trading, logistics, and related services that connect producers with domestic and international markets.

Through its Ethanol segment, The Andersons produces renewable fuels and markets co-products such as distillers grains and corn oil.