Darling Ingredients Inc (NYSE:DAR) Expected to Announce Quarterly Sales of $826.12 Million

Brokerages predict that Darling Ingredients Inc (NYSE:DAR) will post $826.12 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Darling Ingredients’ earnings, with the highest sales estimate coming in at $850.00 million and the lowest estimate coming in at $803.50 million. Darling Ingredients reported sales of $827.32 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.1%. The business is expected to announce its next quarterly earnings results on Wednesday, August 5th.

According to Zacks, analysts expect that Darling Ingredients will report full-year sales of $3.40 billion for the current year, with estimates ranging from $3.31 billion to $3.45 billion. For the next fiscal year, analysts expect that the business will post sales of $3.50 billion, with estimates ranging from $3.43 billion to $3.57 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Darling Ingredients.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. The business had revenue of $852.84 million during the quarter, compared to the consensus estimate of $851.13 million. Darling Ingredients had a return on equity of 11.70% and a net margin of 11.24%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share.

A number of research firms have recently weighed in on DAR. ValuEngine lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Goldman Sachs Group upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and raised their price objective for the company from $29.00 to $37.00 in a research note on Monday, March 9th. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Zacks Investment Research lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.25.

NYSE DAR traded up $0.18 during trading hours on Monday, reaching $23.25. The company’s stock had a trading volume of 2,186,800 shares, compared to its average volume of 1,533,323. The company has a current ratio of 1.43, a quick ratio of 0.84 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $22.96 and a 200 day simple moving average of $24.02. Darling Ingredients has a 52 week low of $10.25 and a 52 week high of $29.57. The stock has a market cap of $3.76 billion, a PE ratio of 10.29 and a beta of 1.26.

Several large investors have recently modified their holdings of the business. Handelsbanken Fonder AB lifted its stake in shares of Darling Ingredients by 168.2% in the 1st quarter. Handelsbanken Fonder AB now owns 3,745,089 shares of the company’s stock valued at $71,793,000 after purchasing an additional 2,348,733 shares during the last quarter. Norges Bank acquired a new position in Darling Ingredients during the 4th quarter worth $56,100,000. AJO LP acquired a new position in Darling Ingredients during the 1st quarter worth $18,513,000. Impax Asset Management Group plc lifted its position in Darling Ingredients by 15.3% during the 1st quarter. Impax Asset Management Group plc now owns 5,093,134 shares of the company’s stock worth $97,099,000 after acquiring an additional 674,720 shares during the last quarter. Finally, ValueAct Holdings L.P. lifted its position in Darling Ingredients by 29.4% during the 1st quarter. ValueAct Holdings L.P. now owns 2,640,000 shares of the company’s stock worth $50,609,000 after acquiring an additional 600,000 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

Darling Ingredients Company Profile

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 a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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