$911.97 Million in Sales Expected for Darling Ingredients Inc. (NYSE:DAR) This Quarter

Analysts expect Darling Ingredients Inc. (NYSE:DAR) to post sales of $911.97 million for the current quarter, according to Zacks. Two analysts have made estimates for Darling Ingredients’ earnings, with the lowest sales estimate coming in at $885.00 million and the highest estimate coming in at $938.94 million. Darling Ingredients reported sales of $859.43 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The company is scheduled to announce its next earnings results on Tuesday, February 23rd.

On average, analysts expect that Darling Ingredients will report full-year sales of $3.47 billion for the current year, with estimates ranging from $3.45 billion to $3.49 billion. For the next year, analysts forecast that the company will report sales of $3.64 billion, with estimates ranging from $3.54 billion to $3.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Darling Ingredients.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Sunday, November 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.44 by $0.17. Darling Ingredients had a net margin of 14.50% and a return on equity of 15.13%. The company had revenue of $850.57 million for the quarter, compared to analyst estimates of $852.39 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis.

Several research firms have recently issued reports on DAR. Roth Capital increased their target price on shares of Darling Ingredients from $38.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Wolfe Research began coverage on shares of Darling Ingredients in a research note on Wednesday, October 21st. They set an “outperform” rating on the stock. CSFB began coverage on shares of Darling Ingredients in a research note on Monday, September 28th. They set an “outperform” rating and a $50.00 target price on the stock. Stephens began coverage on shares of Darling Ingredients in a research note on Monday, September 28th. They set an “overweight” rating and a $54.00 target price on the stock. Finally, Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $48.55.

NYSE:DAR opened at $66.30 on Thursday. Darling Ingredients has a one year low of $10.25 and a one year high of $68.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.49. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 22.47 and a beta of 1.31. The firm’s fifty day moving average is $55.50 and its two-hundred day moving average is $40.46.

In other Darling Ingredients news, CAO Brenda Snell sold 6,683 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $47.36, for a total value of $316,506.88. Following the completion of the sale, the chief accounting officer now owns 26,012 shares in the company, valued at approximately $1,231,928.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rick A. Elrod sold 19,323 shares of the stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $47.83, for a total transaction of $924,219.09. Following the completion of the sale, the executive vice president now owns 176,503 shares of the company’s stock, valued at approximately $8,442,138.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,496 shares of company stock valued at $6,490,284. Insiders own 2.96% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in DAR. Advisor Group Holdings Inc. raised its holdings in Darling Ingredients by 11.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 23,492 shares of the company’s stock valued at $579,000 after acquiring an additional 2,404 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Darling Ingredients during the 2nd quarter worth approximately $25,000. Sei Investments Co. increased its holdings in shares of Darling Ingredients by 70.7% during the 2nd quarter. Sei Investments Co. now owns 116,801 shares of the company’s stock worth $2,876,000 after buying an additional 48,394 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Darling Ingredients by 312.0% during the 2nd quarter. Jane Street Group LLC now owns 61,803 shares of the company’s stock worth $1,521,000 after buying an additional 46,803 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Darling Ingredients by 15.0% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 57,871 shares of the company’s stock worth $1,425,000 after buying an additional 7,564 shares during the last quarter. Institutional investors own 88.09% of the company’s stock.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.

Further Reading: How Investors Use a Balance Sheet

Get a free copy of the Zacks research report on Darling Ingredients (DAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.