Zacks: Brokerages Anticipate Darling Ingredients Inc. (DAR) Will Announce Quarterly Sales of $913.78 Million

Wall Street analysts expect Darling Ingredients Inc. (NYSE:DAR) to post $913.78 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Darling Ingredients’ earnings. The lowest sales estimate is $885.00 million and the highest is $929.75 million. Darling Ingredients reported sales of $887.28 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The company is expected to issue its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Darling Ingredients will report full-year sales of $913.78 million for the current financial year, with estimates ranging from $3.60 billion to $3.64 billion. For the next financial year, analysts anticipate that the business will report sales of $3.74 billion per share, with estimates ranging from $3.65 billion to $3.83 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Darling Ingredients.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The business had revenue of $937.70 million for the quarter, compared to analysts’ expectations of $870.50 million. During the same period in the previous year, the company earned $0.17 EPS. Darling Ingredients’s revenue for the quarter was up 9.8% compared to the same quarter last year.

DAR has been the subject of several research reports. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Darling Ingredients in a research report on Tuesday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price target on shares of Darling Ingredients in a research report on Monday, September 25th. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Wednesday, October 11th. J P Morgan Chase & Co set a $19.00 price objective on Darling Ingredients and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, BidaskClub downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $19.33.

Darling Ingredients (NYSE DAR) traded up $0.22 during midday trading on Friday, hitting $16.37. 685,645 shares of the stock traded hands, compared to its average volume of 1,218,429. Darling Ingredients has a 12-month low of $11.51 and a 12-month high of $18.65. The stock has a market cap of $2,695.84, a price-to-earnings ratio of 41.97 and a beta of 1.54. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.

Several large investors have recently made changes to their positions in the stock. Walthausen & Co. LLC bought a new position in shares of Darling Ingredients during the 3rd quarter valued at approximately $20,579,000. California Public Employees Retirement System grew its stake in shares of Darling Ingredients by 7.9% during the 3rd quarter. California Public Employees Retirement System now owns 273,373 shares of the company’s stock valued at $4,789,000 after acquiring an additional 20,073 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Darling Ingredients by 1,549.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 67,881 shares of the company’s stock valued at $1,189,000 after acquiring an additional 63,766 shares during the period. Earnest Partners LLC bought a new position in shares of Darling Ingredients during the 3rd quarter valued at approximately $69,809,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Darling Ingredients during the 3rd quarter valued at approximately $317,000. Institutional investors own 98.48% of the company’s stock.

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About Darling Ingredients

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.

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