Andersons (NASDAQ:ANDE) Issues Quarterly Earnings Results
by Teresa Graham · The Cerbat GemAndersons (NASDAQ:ANDE – Get Free Report) posted its quarterly earnings results on Tuesday. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.70 by $0.42, Zacks reports. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share.
Andersons Price Performance
NASDAQ ANDE traded down $0.13 during trading hours on Tuesday, reaching $79.29. 670,319 shares of the company’s stock were exchanged, compared to its average volume of 283,420. The stock has a market cap of $2.70 billion, a PE ratio of 24.51 and a beta of 0.69. Andersons has a one year low of $31.03 and a one year high of $82.11. The firm has a fifty day moving average of $70.79 and a 200-day moving average of $60.26. The company has a current ratio of 1.41, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43.
Andersons Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. Andersons’s dividend payout ratio is 28.57%.
Insiders Place Their Bets
In related news, VP Anne G. Rex sold 2,624 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $65.16, for a total transaction of $170,979.84. Following the sale, the vice president directly owned 23,829 shares in the company, valued at $1,552,697.64. This represents a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick E. Bowe sold 19,100 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $78.31, for a total value of $1,495,721.00. Following the sale, the director owned 94,875 shares in the company, valued at approximately $7,429,661.25. This trade represents a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 79,299 shares of company stock valued at $5,875,644 in the last 90 days. Insiders own 4.30% of the company’s stock.
Institutional Investors Weigh In On Andersons
A number of large investors have recently bought and sold shares of ANDE. Uniplan Investment Counsel Inc. bought a new position in Andersons in the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its position in Andersons by 33,600.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,008 shares during the last quarter. State of Wyoming bought a new position in Andersons in the 4th quarter valued at $70,000. Tower Research Capital LLC TRC boosted its position in Andersons by 227.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the basic materials company’s stock valued at $109,000 after buying an additional 2,053 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Andersons by 57.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,400 shares of the basic materials company’s stock valued at $162,000 after buying an additional 1,600 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have commented on ANDE. Benchmark reaffirmed a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. Wall Street Zen lowered Andersons from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. BMO Capital Markets upped their price objective on Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.33.
View Our Latest Analysis on ANDE
Andersons Company Profile
The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.
Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.