Darling Ingredients (NYSE:DAR) Announces Earnings Results

Darling Ingredients (NYSE:DAR - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01), Briefing.com reports. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business earned $1.16 earnings per share. The company's revenue for the quarter was down 20.7% on a year-over-year basis.

Darling Ingredients Trading Down 1.3 %

NYSE DAR traded down $0.58 during trading on Friday, reaching $44.68. 2,365,958 shares of the stock traded hands, compared to its average volume of 2,101,853. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 11.22 and a beta of 1.29. The stock's 50-day moving average price is $43.97 and its 200 day moving average price is $44.58. The company has a quick ratio of 1.10, a current ratio of 1.86 and a debt-to-equity ratio of 0.93. Darling Ingredients has a fifty-two week low of $38.97 and a fifty-two week high of $71.60.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DAR. JPMorgan Chase & Co. cut their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an "overweight" rating for the company in a report on Wednesday, April 17th. Scotiabank dropped their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 11th. BMO Capital Markets dropped their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. Citigroup boosted their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 3rd. Finally, Stephens dropped their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $72.55.

Insider Activity at Darling Ingredients

In other news, Director Kurt Stoffel acquired 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the acquisition, the director now owns 10,571 shares in the company, valued at $439,965.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.62% of the company's stock.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.