Darling Ingredients Inc. (NYSE:DAR – Free Report) – 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 – Get Free Report) 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.
Check Out Our Latest Analysis on Darling Ingredients
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.
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