Darling Ingredients (NYSE:DAR) Posts Earnings Results, Misses Estimates By $0.29 EPS

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

Darling Ingredients Trading Up 3.8 %

Shares of Darling Ingredients stock traded up $1.44 during trading on Friday, reaching $39.20. 1,440,554 shares of the stock were exchanged, compared to its average volume of 2,159,916. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 11.75 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. The stock’s fifty day moving average is $37.61 and its 200 day moving average is $39.05. Darling Ingredients has a 1 year low of $32.67 and a 1 year high of $51.36.

Wall Street Analyst Weigh In

DAR has been the topic of a number of recent research reports. Jefferies Financial Group increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen dropped their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Piper Sandler dropped their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Scotiabank dropped their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.90.

Insider Activity

In other news, EVP Robert W. Day bought 2,532 shares of the stock in a transaction dated Wednesday, July 31st. The stock was bought at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the purchase, the executive vice president now directly owns 12,607 shares in the company, valued at $496,337.59. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.62% of the stock is currently owned by company insiders.

About Darling Ingredients

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.