Andersons (ANDE) to Release Earnings on Tuesday

Andersons (NASDAQ:ANDE - Get Free Report) is set to announce its earnings results after the market closes on Tuesday, May 7th. Parties that wish to register for the company's conference call can do so using this link.

Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.48. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $4.26 billion. Andersons had a net margin of 0.69% and a return on equity of 8.19%. The firm's quarterly revenue was down 31.3% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. On average, analysts expect Andersons to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Andersons Trading Down 4.1 %

Shares of NASDAQ:ANDE traded down $2.33 during mid-day trading on Tuesday, hitting $54.94. The stock had a trading volume of 198,244 shares, compared to its average volume of 184,399. The company's 50 day moving average is $55.86 and its 200-day moving average is $53.73. Andersons has a 12-month low of $35.69 and a 12-month high of $61.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72. The company has a market cap of $1.87 billion, a PE ratio of 18.69 and a beta of 0.68.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, March 28th. Andersons's payout ratio is 25.85%.

Analyst Ratings Changes

ANDE has been the subject of a number of research analyst reports. Roth Capital reiterated a "buy" rating and issued a $65.00 target price 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 report on Thursday, January 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $62.50.

Insider Transactions at Andersons

In other news, Director Michael J. Anderson sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $59.00, for a total transaction of $177,000.00. Following the completion of the sale, the director now owns 209,968 shares of the company's stock, valued at $12,388,112. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Michael J. Anderson sold 3,000 shares of Andersons stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $59.00, for a total value of $177,000.00. Following the completion of the transaction, the director now directly owns 209,968 shares of the company's stock, valued at $12,388,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick E. Bowe sold 1,338 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total transaction of $73,750.56. Following the sale, the chief executive officer now directly owns 89,315 shares in the company, valued at approximately $4,923,042.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,245 shares of company stock valued at $2,534,099. 5.10% of the stock is owned by insiders.

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.