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.
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