Zacks Investment Research downgraded shares of The Andersons, Inc. (NASDAQ:ANDE) from a hold rating to a strong sell rating in a report published on Thursday.
According to Zacks, “Andersons’ Ethanol Group continues to be affected by DDG (lower distillers dried grains) margins due to problems related to vomitoxin. Further, lower international demand for DDG continues to put pressure on pricing and margins of the company. Its Plant Nutrient group will be impacted by oversupply issues in fertilizer industry. Higher re-certification expense and changes in accounting standards will thwart results of Andersons’ Rail Group. In addition, increase in interest rates could have a significant impact on its profitability. High grain prices and unfavorable market conditions also remain concerns for Andersons. The company has a negative record of earnings surprises in recent quarters. Moreover, the stock has underperformed the industry in the past year. “
Several other equities research analysts have also issued reports on ANDE. BidaskClub lowered The Andersons from a sell rating to a strong sell rating in a report on Thursday, August 24th. BMO Capital Markets reduced their price target on The Andersons from $39.00 to $34.00 and set a market perform rating for the company in a report on Wednesday, November 8th. Buckingham Research lowered The Andersons from a buy rating to a neutral rating in a report on Wednesday, November 8th. Finally, Stephens lowered The Andersons from an overweight rating to an equal weight rating and reduced their target price for the stock from $42.00 to $35.00 in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $34.50.
Shares of The Andersons (ANDE) traded down $0.15 during trading on Thursday, hitting $30.00. The stock had a trading volume of 142,859 shares, compared to its average volume of 125,317. The firm has a market cap of $863.44, a price-to-earnings ratio of 28.73 and a beta of 1.35. The company has a current ratio of 1.36, a quick ratio of 0.56 and a debt-to-equity ratio of 0.50. The Andersons has a fifty-two week low of $29.60 and a fifty-two week high of $44.90.
The Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). The firm had revenue of $836.60 million for the quarter, compared to analyst estimates of $899.95 million. The Andersons had a negative net margin of 0.45% and a positive return on equity of 3.91%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. equities research analysts predict that The Andersons will post 1.34 EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, October 23rd. Investors of record on Monday, October 2nd were issued a $0.16 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.64 annualized dividend and a yield of 2.13%. The Andersons’s dividend payout ratio (DPR) is currently -106.66%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in The Andersons by 0.7% in the 2nd quarter. BlackRock Inc. now owns 3,307,404 shares of the basic materials company’s stock worth $112,946,000 after purchasing an additional 23,577 shares during the last quarter. Vanguard Group Inc. lifted its holdings in The Andersons by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,702,489 shares of the basic materials company’s stock worth $92,290,000 after purchasing an additional 56,248 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in The Andersons by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,385,317 shares of the basic materials company’s stock worth $81,458,000 after purchasing an additional 104,417 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in The Andersons by 17.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,346,129 shares of the basic materials company’s stock worth $80,355,000 after purchasing an additional 340,400 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in The Andersons by 32.2% in the 2nd quarter. Northern Trust Corp now owns 1,167,843 shares of the basic materials company’s stock worth $39,881,000 after purchasing an additional 284,215 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
About The Andersons
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.
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