Scotiabank Expects Weaker Earnings for Darling Ingredients

Darling Ingredients Inc. (NYSE:DAR) – Research analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for Darling Ingredients in a report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings of $2.75 per share for the year, down from their prior forecast of $3.00. The consensus estimate for Darling Ingredients’ current full-year earnings is $1.88 per share.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS.

Other analysts also recently issued research reports about the company. Jefferies Financial Group upped their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Piper Sandler decreased their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. upped their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

Darling Ingredients Stock Performance

DAR opened at $36.32 on Friday. The company has a market cap of $5.78 billion, a PE ratio of 22.42 and a beta of 1.21. The stock has a 50-day moving average of $37.35 and a 200-day moving average of $37.55. Darling Ingredients has a 52-week low of $32.55 and a 52-week high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Hedge Funds Weigh In On Darling Ingredients

A number of hedge funds have recently modified their holdings of DAR. National Bank of Canada FI raised its holdings in shares of Darling Ingredients by 350.5% in the 2nd quarter. National Bank of Canada FI now owns 44,421 shares of the company’s stock worth $1,596,000 after buying an additional 34,560 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Darling Ingredients by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 44,731 shares of the company’s stock worth $1,644,000 after buying an additional 852 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Darling Ingredients by 55.0% in the 2nd quarter. Caprock Group LLC now owns 10,372 shares of the company’s stock worth $381,000 after buying an additional 3,681 shares in the last quarter. Ballentine Partners LLC bought a new stake in Darling Ingredients during the 2nd quarter worth approximately $265,000. Finally, Quest Partners LLC grew its position in Darling Ingredients by 53,187.5% during the 2nd quarter. Quest Partners LLC now owns 12,789 shares of the company’s stock worth $470,000 after acquiring an additional 12,765 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

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.