Andersons (ANDE) to Release Quarterly Earnings on Tuesday

Andersons (NASDAQ:ANDE) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect Andersons to post earnings of $1.02 per share and revenue of $2.72 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Andersons Price Performance

Shares of Andersons stock opened at $40.74 on Tuesday. 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 market cap of $1.39 billion, a PE ratio of 11.64 and a beta of 0.58. The firm has a fifty day moving average price of $42.49 and a two-hundred day moving average price of $46.49. Andersons has a fifty-two week low of $39.25 and a fifty-two week high of $61.46.

Andersons Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.195 per share. This is a boost from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, January 2nd. This represents a $0.78 dividend on an annualized basis and a yield of 1.91%. Andersons’s dividend payout ratio (DPR) is currently 22.29%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stephens reiterated an “overweight” rating and set a $60.00 target price on shares of Andersons in a research report on Thursday, January 2nd. StockNews.com downgraded Andersons from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

Insiders Place Their Bets

In other news, insider Joseph E. Mcneely sold 2,382 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was 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 in the company, valued at $2,367,455.73. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.10% of the company’s stock.

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.