Andersons (NASDAQ:ANDE) Releases Earnings Results, Misses Estimates By $0.29 EPS

Key Points

• Andersons reported quarterly earnings of $0.24 per share, falling short of analysts' expectations of $0.53, indicating a miss of $0.29.
• The company's dividend yield stands at 2.3%, with a quarterly dividend of $0.195 per share, reflecting a payout ratio of 24.61%.
• Following the earnings announcement, Andersons' stock saw a slight decline, trading down to $34.65.

Andersons (NASDAQ:ANDE - Get Free Report) announced its earnings results on Monday. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.29), Zacks reports. Andersons had a return on equity of 5.28% and a net margin of 0.70%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the prior year, the company posted $1.05 EPS. The firm's revenue was up 12.2% on a year-over-year basis.

Andersons Stock Up 1.1%

ANDE stock traded up $0.43 on Friday, reaching $38.08. 93,089 shares of the company traded hands, compared to its average volume of 326,061. Andersons has a one year low of $31.03 and a one year high of $51.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 0.89. The company has a market cap of $1.30 billion, a P/E ratio of 16.24 and a beta of 0.75. The firm has a fifty day simple moving average of $36.51 and a 200-day simple moving average of $38.69.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 1st. Andersons's dividend payout ratio (DPR) is 33.19%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Andersons stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,425 shares of the basic materials company's stock after purchasing an additional 866 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Andersons worth $834,000 at the end of the most recent quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Lake Street Capital decreased their target price on Andersons from $70.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. BMO Capital Markets assumed coverage on Andersons in a research report on Tuesday, May 6th. They issued a "market perform" rating and a $45.00 target price for the company. Finally, Wall Street Zen lowered Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

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.