Wall Street brokerages expect that The Andersons, Inc. (NASDAQ:ANDE) will post earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for The Andersons’ earnings. The Andersons reported earnings per share of $0.07 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, May 7th.
According to Zacks, analysts expect that The Andersons will report full-year earnings of $1.94 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $2.15. For the next financial year, analysts anticipate that the company will report earnings of $2.35 per share. Zacks’ EPS calculations are an average based on a survey of research firms that cover The Andersons.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.20. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.21 billion. The Andersons had a return on equity of 4.83% and a net margin of 1.12%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share.
A number of brokerages have recently weighed in on ANDE. TheStreet upgraded The Andersons from a “c+” rating to a “b” rating in a research report on Wednesday, March 21st. ValuEngine lowered The Andersons from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, BidaskClub lowered The Andersons from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The Andersons currently has an average rating of “Hold” and a consensus price target of $34.50.
NASDAQ:ANDE traded up $0.30 on Thursday, reaching $33.55. 16,509 shares of the company’s stock traded hands, compared to its average volume of 130,944. The company has a quick ratio of 0.47, a current ratio of 1.35 and a debt-to-equity ratio of 0.51. The stock has a market cap of $925.51, a PE ratio of 28.91 and a beta of 1.17. The Andersons has a 12 month low of $29.60 and a 12 month high of $38.35.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Stockholders of record on Monday, April 2nd will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.97%. The Andersons’s payout ratio is 57.39%.
In other news, Director Rasesh H. Shah sold 9,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $34.50, for a total transaction of $310,500.00. Following the completion of the transaction, the director now owns 24,728 shares in the company, valued at $853,116. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rasesh H. Shah sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $36.25, for a total value of $725,000.00. Following the transaction, the director now owns 41,862 shares of the company’s stock, valued at approximately $1,517,497.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,000 shares of company stock valued at $1,143,430. Company insiders own 5.50% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANDE. Victory Capital Management Inc. grew its position in The Andersons by 13.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,652,786 shares of the basic materials company’s stock worth $82,634,000 after acquiring an additional 306,657 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in The Andersons by 22.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 346,839 shares of the basic materials company’s stock worth $11,880,000 after acquiring an additional 64,205 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in The Andersons in the third quarter worth about $2,140,000. Deprince Race & Zollo Inc. grew its position in The Andersons by 8.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 762,763 shares of the basic materials company’s stock worth $23,760,000 after acquiring an additional 59,803 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in The Andersons by 15.4% in the fourth quarter. Millennium Management LLC now owns 389,912 shares of the basic materials company’s stock worth $12,146,000 after purchasing an additional 52,010 shares during the last quarter. Institutional investors own 77.71% of the company’s stock.
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The Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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