Andersons (NASDAQ:ANDE) Announces Earnings Results, Beats Expectations By $0.27 EPS

Key Points

• Andersons reported quarterly EPS of $1.38, beating analyst expectations of $1.11 by $0.27; revenue was $2.83 billion, below the $2.97 billion consensus.
• Shares fell 2.0% in Tuesday mid-day trading to $62.67.
• Analysts maintained a positive outlook, with an average rating of Buy and a consensus price target of $95.

Andersons (NASDAQ:ANDE - Get Free Report) released its earnings results on Tuesday. The basic materials company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.11 by $0.27, FiscalAI reports. The firm had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.97 billion. Andersons had a net margin of 1.62% and a return on equity of 16.23%.

Andersons Trading Down 2.0%

Shares of ANDE stock traded down $1.30 during mid-day trading on Tuesday, reaching $62.67. The company's stock had a trading volume of 402,534 shares, compared to its average volume of 338,103. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.13 billion, a PE ratio of 12.10 and a beta of 0.63. The company's 50 day simple moving average is $66.91 and its 200-day simple moving average is $69.05. Andersons has a 12-month low of $45.83 and a 12-month high of $82.11.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 1st were issued a $0.20 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Andersons's dividend payout ratio (DPR) is presently 15.44%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ANDE. Weiss Ratings upgraded Andersons from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. BMO Capital Markets upped their target price on Andersons from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $110.00 target price on Andersons in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised Andersons from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, Andersons presently has an average rating of "Buy" and a consensus price target of $95.00.

About Andersons

The Andersons, Inc NASDAQ: ANDE is an agribusiness company that provides products and services supporting the agricultural supply chain. Founded in 1947 and headquartered in Maumee, Ohio, the company serves farmers, agricultural retailers, manufacturers, and other customers primarily in North America.

The company's Trade segment merchandises and manages the movement and storage of grains and other agricultural commodities. Its operations include grain elevators, commodity trading, logistics, and related services that connect producers with domestic and international markets.

Through its Ethanol segment, The Andersons produces renewable fuels and markets co-products such as distillers grains and corn oil.

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