Darling Ingredients (NYSE:DAR) Announces Earnings Results, Beats Estimates By $0.15 EPS

Darling Ingredients (NYSE:DAR) issued its earnings results on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15, Zacks reports. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded up $1.79 on Friday, hitting $40.29. 339,847 shares of the company traded hands, compared to its average volume of 2,017,568. Darling Ingredients has a 12-month low of $32.55 and a 12-month high of $48.39. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a market cap of $6.41 billion, a P/E ratio of 25.03 and a beta of 1.21. The firm’s 50-day simple moving average is $35.52 and its 200 day simple moving average is $37.46.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DAR shares. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stephens reissued an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup reduced their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Piper Sandler lowered their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $53.22.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. 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.