Andersons (NASDAQ:ANDE) Announces Quarterly Earnings Results

Andersons (NASDAQ:ANDE) released its quarterly earnings results on Monday. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37, Briefing.com reports. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm earned $0.13 EPS. The business’s revenue was down 27.9% on a year-over-year basis.

Andersons Stock Down 7.1 %

Shares of NASDAQ ANDE traded down $3.24 during mid-day trading on Tuesday, hitting $42.58. The company had a trading volume of 148,370 shares, compared to its average volume of 167,261. Andersons has a 1-year low of $42.40 and a 1-year high of $61.46. The company has a market capitalization of $1.45 billion, a PE ratio of 14.34 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. The business’s 50-day simple moving average is $48.45 and its 200 day simple moving average is $50.25.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a $0.19 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.76 annualized dividend and a yield of 1.78%. Andersons’s dividend payout ratio is presently 25.50%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Thursday, October 24th.

About Andersons

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.