Andersons (NASDAQ:ANDE) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Andersons (NASDAQ:ANDEGet Free Report) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $3.46 billion. Andersons had a net margin of 0.89% and a return on equity of 7.93%. The business’s revenue for the quarter was down 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS.

Andersons Stock Up 0.7 %

Shares of NASDAQ ANDE opened at $52.46 on Friday. The firm has a fifty day simple moving average of $55.86 and a two-hundred day simple moving average of $54.02. Andersons has a 12 month low of $37.08 and a 12 month high of $61.46. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.79 billion, a PE ratio of 14.82 and a beta of 0.69.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ANDE shares. StockNews.com lowered shares of Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Roth Capital reaffirmed a “buy” rating and set a $65.00 price objective on shares of Andersons in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Andersons has an average rating of “Moderate Buy” and an average price target of $62.50.

Get Our Latest Stock Analysis on Andersons

Insider Activity

In related news, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the transaction, the chief executive officer now directly owns 83,515 shares of the company’s stock, valued at $4,631,741.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Andersons news, CEO Patrick E. Bowe sold 34,597 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the transaction, the chief executive officer now owns 83,515 shares in the company, valued at $4,631,741.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick E. Bowe sold 3,387 shares of Andersons stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $60.01, for a total transaction of $203,253.87. Following the transaction, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at $5,110,391.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,245 shares of company stock valued at $2,534,099. Corporate insiders own 5.10% of the company’s stock.

Andersons Company Profile

(Get Free Report)

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.

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Earnings History for Andersons (NASDAQ:ANDE)

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