Darling Ingredients (NYSE:DAR) Releases Earnings Results, Misses Expectations By $0.29 EPS

Darling Ingredients (NYSE:DAR) released its earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29), Briefing.com reports. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $0.77 EPS. Darling Ingredients’s quarterly revenue was down 12.5% compared to the same quarter last year.

Darling Ingredients Stock Up 3.3 %

NYSE:DAR traded up $1.24 during mid-day trading on Friday, hitting $39.00. The stock had a trading volume of 1,358,425 shares, compared to its average volume of 2,159,519. The stock has a 50-day simple moving average of $37.61 and a two-hundred day simple moving average of $39.05. The company has a market capitalization of $6.23 billion, a PE ratio of 11.75 and a beta of 1.24. Darling Ingredients has a twelve month low of $32.67 and a twelve month high of $51.36. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday. TD Cowen dropped their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Piper Sandler dropped their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, Scotiabank dropped their price objective on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and an average target price of $55.90.

Insider Activity at Darling Ingredients

In other news, EVP Robert W. Day bought 2,532 shares of Darling Ingredients stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average price of $39.37 per share, with a total value of $99,684.84. Following the completion of the acquisition, the executive vice president now directly owns 12,607 shares in the company, valued at $496,337.59. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.62% of the stock is owned by corporate insiders.

Darling Ingredients Company Profile

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.