Andersons (NASDAQ:ANDE) Announces Quarterly Earnings Results

Andersons (NASDAQ:ANDE) posted its earnings results on Tuesday. The basic materials company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.34, Zacks reports. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.72 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%.

Andersons Stock Up 17.3 %

Shares of ANDE opened at $47.81 on Thursday. Andersons has a 52 week low of $39.25 and a 52 week high of $61.46. The firm has a market cap of $1.63 billion, a P/E ratio of 13.66 and a beta of 0.58. The firm’s 50-day simple moving average is $41.83 and its 200 day simple moving average is $45.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a $0.195 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a yield of 1.63%. Andersons’s dividend payout ratio (DPR) is currently 22.29%.

Insider Activity at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. This represents a 4.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ANDE. Stephens reiterated an “overweight” rating and issued a $55.00 target price on shares of Andersons in a report on Wednesday. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

About Andersons

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.