Andersons (NASDAQ:ANDE) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Andersons (NASDAQ:ANDE - Get Free Report) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. The business had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $3.46 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The company's revenue was down 30.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share.

Andersons Stock Down 8.4 %

Shares of NASDAQ ANDE traded down $4.69 during mid-day trading on Wednesday, hitting $51.45. The company had a trading volume of 376,542 shares, compared to its average volume of 183,622. The company has a market capitalization of $1.75 billion, a PE ratio of 17.50 and a beta of 0.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00. Andersons has a 1-year low of $35.69 and a 1-year high of $61.46. The business's 50-day simple moving average is $56.14 and its 200 day simple moving average is $53.93.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons's payout ratio is currently 25.85%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Roth Capital restated a "buy" rating and set a $65.00 price target on shares of Andersons in a research report on Tuesday, February 6th. StockNews.com upgraded Andersons from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Andersons currently has an average rating of "Buy" and an average target price of $62.50.

Insider Activity

In other news, CEO Patrick E. Bowe sold 1,338 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the sale, the chief executive officer now directly owns 89,315 shares in the company, valued at $4,923,042.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Andersons news, CEO Patrick E. Bowe sold 1,338 shares of the firm's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the sale, the chief executive officer now directly owns 89,315 shares in the company, valued at $4,923,042.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Anderson sold 3,000 shares of the firm's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the sale, the director now owns 209,968 shares in the company, valued at $12,388,112. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,245 shares of company stock worth $2,534,099. Corporate insiders own 5.10% of the company's stock.

Andersons Company Profile

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.