Darling Ingredients (DAR) to Release Earnings on Wednesday

Darling Ingredients (NYSE:DAR - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. On average, analysts expect Darling Ingredients to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Darling Ingredients Stock Performance

NYSE:DAR traded up $1.44 during midday trading on Friday, hitting $42.62. The company's stock had a trading volume of 2,561,413 shares, compared to its average volume of 2,061,869. Darling Ingredients has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The firm has a market cap of $6.81 billion, a P/E ratio of 10.71 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. The firm's 50 day moving average is $43.85 and its 200-day moving average is $44.69.

Insider Buying and Selling

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

Institutional Trading of Darling Ingredients

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc increased its position in shares of Darling Ingredients by 38.9% during the 2nd quarter. IFP Advisors Inc now owns 689 shares of the company's stock worth $44,000 after purchasing an additional 193 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in Darling Ingredients during the 4th quarter valued at about $51,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Darling Ingredients by 624.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company's stock valued at $63,000 after acquiring an additional 862 shares during the period. Advisory Services Network LLC boosted its holdings in Darling Ingredients by 104.4% during the 1st quarter. Advisory Services Network LLC now owns 1,243 shares of the company's stock valued at $73,000 after acquiring an additional 635 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Darling Ingredients by 251.8% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,963 shares of the company's stock valued at $115,000 after acquiring an additional 1,405 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Stephens decreased their target price on Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 24th. Scotiabank decreased their price objective on Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 11th. Stifel Nicolaus decreased their price objective on Darling Ingredients from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, April 8th. BMO Capital Markets decreased their price objective on Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. Finally, Citigroup raised their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.55.

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.