Darling Ingredients Inc (DAR) Expected to Announce Quarterly Sales of $872.07 Million

Equities analysts expect Darling Ingredients Inc (NYSE:DAR) to report $872.07 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Darling Ingredients’ earnings, with estimates ranging from $854.13 million to $890.00 million. Darling Ingredients posted sales of $937.68 million during the same quarter last year, which suggests a negative year over year growth rate of 7%. The firm is scheduled to report its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Darling Ingredients will report full-year sales of $3.57 billion for the current fiscal year, with estimates ranging from $3.46 billion to $3.66 billion. For the next financial year, analysts expect that the business will post sales of $3.68 billion per share, with estimates ranging from $3.55 billion to $3.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Darling Ingredients.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $846.65 million for the quarter, compared to analyst estimates of $868.36 million. Darling Ingredients had a net margin of 4.99% and a return on equity of 6.01%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share.

DAR has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $20.71.

Shares of DAR traded up $0.26 during trading hours on Friday, reaching $20.07. 973,829 shares of the company traded hands, compared to its average volume of 828,848. The firm has a market capitalization of $3.26 billion, a PE ratio of 83.63 and a beta of 1.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.90 and a quick ratio of 1.18. Darling Ingredients has a 12-month low of $15.56 and a 12-month high of $20.96.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mason Street Advisors LLC boosted its holdings in Darling Ingredients by 6.7% in the first quarter. Mason Street Advisors LLC now owns 45,694 shares of the company’s stock valued at $791,000 after purchasing an additional 2,853 shares during the last quarter. Piedmont Investment Advisors LLC raised its position in shares of Darling Ingredients by 9.0% in the second quarter. Piedmont Investment Advisors LLC now owns 38,357 shares of the company’s stock worth $763,000 after acquiring an additional 3,152 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Darling Ingredients by 4.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 82,420 shares of the company’s stock worth $1,426,000 after acquiring an additional 3,440 shares during the period. Stifel Financial Corp raised its position in shares of Darling Ingredients by 20.9% in the first quarter. Stifel Financial Corp now owns 21,671 shares of the company’s stock worth $375,000 after acquiring an additional 3,741 shares during the period. Finally, CFO4Life Group LLC raised its position in shares of Darling Ingredients by 1.5% in the first quarter. CFO4Life Group LLC now owns 265,119 shares of the company’s stock worth $4,587,000 after acquiring an additional 3,881 shares during the period. 99.45% of the stock is currently owned by hedge funds and other institutional investors.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers 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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