Andersons (NASDAQ:ANDE) Posts Earnings Results, Beats Estimates By $0.37 EPS

Andersons (NASDAQ:ANDE) posted its earnings results on Monday. The basic materials company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.37, Briefing.com reports. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The company’s revenue for the quarter was down 27.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS.

Andersons Price Performance

NASDAQ:ANDE traded down $3.59 during trading hours on Tuesday, reaching $42.23. The company had a trading volume of 166,233 shares, compared to its average volume of 167,295. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $48.45 and a two-hundred day moving average of $50.25. Andersons has a one year low of $42.11 and a one year high of $61.46. The firm has a market capitalization of $1.44 billion, a PE ratio of 14.34 and a beta of 0.60.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.80%. Andersons’s payout ratio is presently 25.50%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th.

About Andersons

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.