Andersons (NASDAQ:ANDE) Issues Earnings Results

Andersons (NASDAQ:ANDE) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07), Briefing.com reports. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the company earned $0.20 EPS. The firm’s revenue was down 30.0% compared to the same quarter last year.

Andersons Stock Performance

ANDE stock traded up $1.23 during midday trading on Thursday, reaching $52.68. 22,094 shares of the company were exchanged, compared to its average volume of 181,703. The business has a 50-day moving average price of $56.07 and a two-hundred day moving average price of $53.91. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 17.50 and a beta of 0.69. Andersons has a one year low of $35.69 and a one year high of $61.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.00.

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. Andersons’s dividend payout ratio (DPR) is 25.85%.

Insider Activity

In related news, CEO Patrick E. Bowe sold 34,597 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the transaction, the chief executive officer now owns 83,515 shares of the company’s stock, valued at $4,631,741.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Patrick E. Bowe sold 34,597 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total value of $1,918,749.62. Following the completion of the transaction, the chief executive officer now owns 83,515 shares of the company’s stock, valued at $4,631,741.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick E. Bowe sold 1,338 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $55.12, for a total value of $73,750.56. Following the completion of the transaction, the chief executive officer now directly owns 89,315 shares of the company’s stock, valued at approximately $4,923,042.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,245 shares of company stock valued at $2,534,099. 5.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Roth Capital reaffirmed a “buy” rating and issued a $65.00 target price on shares of Andersons in a research note on Tuesday, February 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $62.50.

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.