Andersons (NASDAQ:ANDE) Releases Quarterly Earnings Results, Beats Expectations By $0.34 EPS

Andersons (NASDAQ:ANDE) posted its quarterly earnings data on Tuesday. The basic materials company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.34, Zacks reports. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%.

Andersons Trading Up 17.3 %

Shares of Andersons stock opened at $47.81 on Thursday. Andersons has a 1 year low of $39.25 and a 1 year high of $61.46. The firm has a market cap of $1.63 billion, a PE ratio of 13.66 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. The company has a 50 day simple moving average of $41.83 and a two-hundred day simple moving average of $45.95.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be paid a dividend of $0.195 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 annualized dividend and a yield of 1.63%. Andersons’s dividend payout ratio is currently 22.29%.

Insider Buying and Selling at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now directly owns 49,601 shares of the company’s stock, valued at $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ANDE. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Stephens reissued an “overweight” rating and set a $55.00 price target on shares of Andersons in a research report on Wednesday.

Andersons Company Profile

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.