Darling Ingredients (NYSE:DAR) announced its earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06), Morningstar.com reports. The company had revenue of $835.10 million for the quarter, compared to analysts’ expectations of $866.47 million. Darling Ingredients had a net margin of 0.66% and a return on equity of 3.01%.
Shares of Darling Ingredients stock opened at $18.90 on Friday. The firm has a market capitalization of $3.11 billion, a P/E ratio of 21.24 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 0.74. Darling Ingredients has a fifty-two week low of $17.99 and a fifty-two week high of $22.62.
In other news, Chairman Randall C. Stuewe sold 21,060 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $22.00, for a total transaction of $463,320.00. Following the sale, the chairman now directly owns 798,989 shares in the company, valued at approximately $17,577,758. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Randall C. Stuewe sold 68,940 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $21.02, for a total transaction of $1,449,118.80. Following the sale, the chief executive officer now owns 780,680 shares in the company, valued at $16,409,893.60. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.
Separately, Zacks Investment Research downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.
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About Darling Ingredients
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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