Andersons (NASDAQ:ANDE) Announces Earnings Results, Misses Expectations By $0.07 EPS

Andersons (NASDAQ:ANDE) posted 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 net margin of 0.69% and a return on equity of 8.19%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was down 30.0% compared to the same quarter last year.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $56.14 on Wednesday. The company’s fifty day moving average is $56.14 and its two-hundred day moving average is $53.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.72. The firm has a market capitalization of $1.91 billion, a P/E ratio of 19.10 and a beta of 0.69. Andersons has a one year low of $35.69 and a one year high of $61.46.

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons’s dividend payout ratio is presently 25.85%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Andersons

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

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.