Darling Ingredients (NYSE:DAR – Get Free Report) released 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 return on equity of 8.38% and a net margin of 6.04%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year.
Darling Ingredients Stock Up 3.6 %
Shares of NYSE DAR traded up $1.35 during mid-day trading on Friday, reaching $39.11. 2,307,411 shares of the company traded hands, compared to its average volume of 2,164,104. The company’s fifty day moving average is $37.60 and its two-hundred day moving average is $39.00. Darling Ingredients has a fifty-two week low of $32.67 and a fifty-two week high of $51.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. The stock has a market cap of $6.25 billion, a PE ratio of 11.71 and a beta of 1.24.
Insiders Place Their Bets
In other news, EVP Robert W. Day acquired 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average cost of $39.37 per share, with a total value of $99,684.84. Following the acquisition, the executive vice president now owns 12,607 shares in the company, valued at approximately $496,337.59. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.62% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Analysis on DAR
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.
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