Seaport Res Ptn Weighs in on The Andersons, Inc.’s Q4 2022 Earnings (NASDAQ:ANDE)

The Andersons, Inc. (NASDAQ:ANDEGet Rating) – Stock analysts at Seaport Res Ptn dropped their Q4 2022 earnings per share estimates for Andersons in a research report issued to clients and investors on Thursday, August 4th. Seaport Res Ptn analyst E. Larson now expects that the basic materials company will post earnings per share of $0.74 for the quarter, down from their prior forecast of $0.86. The consensus estimate for Andersons’ current full-year earnings is $2.55 per share. Seaport Res Ptn also issued estimates for Andersons’ Q1 2023 earnings at $0.29 EPS and Q4 2023 earnings at $0.95 EPS.

ANDE has been the subject of several other reports. BMO Capital Markets decreased their target price on Andersons from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, May 5th. TheStreet upgraded Andersons from a “c” rating to a “b-” rating in a research report on Tuesday. Finally, StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a research report on Monday, April 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.00.

Andersons Price Performance

Andersons stock opened at $37.95 on Friday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 9.99 and a beta of 0.69. Andersons has a 1 year low of $27.28 and a 1 year high of $59.00. The business has a 50-day moving average of $34.49 and a 200-day moving average of $40.92. The company has a current ratio of 1.39, a quick ratio of 0.65 and a debt-to-equity ratio of 0.40.

Andersons (NASDAQ:ANDEGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $1.29. Andersons had a return on equity of 10.05% and a net margin of 0.86%. During the same period last year, the business earned $1.31 earnings per share.

Andersons Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, June 30th. Andersons’s dividend payout ratio (DPR) is presently 18.95%.

Hedge Funds Weigh In On Andersons

Institutional investors have recently modified their holdings of the business. Federated Hermes Inc. lifted its holdings in shares of Andersons by 762.0% during the 1st quarter. Federated Hermes Inc. now owns 681 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 602 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Andersons in the 1st quarter valued at approximately $44,000. Asset Dedication LLC bought a new stake in Andersons in the 1st quarter valued at approximately $96,000. Point72 Hong Kong Ltd lifted its stake in Andersons by 641.6% in the 1st quarter. Point72 Hong Kong Ltd now owns 2,907 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 2,515 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Andersons by 44.5% in the 1st quarter. Captrust Financial Advisors now owns 3,039 shares of the basic materials company’s stock valued at $153,000 after acquiring an additional 936 shares in the last quarter. Institutional investors own 76.85% of the company’s stock.

Andersons Company Profile

(Get Rating)

The Andersons, Inc, an agriculture company, operates in trade, renewables, and plant nutrient sectors in the United States and internationally. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services to its customers and affiliated ethanol facilities.

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Earnings History and Estimates for Andersons (NASDAQ:ANDE)

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