Andersons (ANDE) to Release Earnings on Tuesday

Andersons (NASDAQ:ANDEGet Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Andersons Price Performance

ANDE opened at $54.03 on Tuesday. The company has a fifty day moving average price of $53.91 and a two-hundred day moving average price of $51.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.80. Andersons has a 52 week low of $35.69 and a 52 week high of $58.84. The firm has a market capitalization of $1.82 billion, a PE ratio of 31.60 and a beta of 0.67.

Andersons Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 22nd. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, December 29th. This is a positive change from Andersons’s previous quarterly dividend of $0.19. Andersons’s payout ratio is currently 44.44%.

Insider Activity at Andersons

In related news, Director Ross W. Manire sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $51.79, for a total value of $258,950.00. Following the transaction, the director now owns 28,123 shares in the company, valued at approximately $1,456,490.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Andersons news, CEO Patrick E. Bowe sold 10,525 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $57.66, for a total transaction of $606,871.50. Following the transaction, the chief executive officer now owns 56,137 shares in the company, valued at approximately $3,236,859.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ross W. Manire sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $51.79, for a total transaction of $258,950.00. Following the sale, the director now directly owns 28,123 shares of the company’s stock, valued at approximately $1,456,490.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,817 shares of company stock worth $3,214,825. Insiders own 5.70% of the company’s stock.

Institutional Trading of Andersons

Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. lifted its stake in Andersons by 762.0% in 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 during the last quarter. Lazard Asset Management LLC bought a new position in shares of Andersons during the fourth quarter valued at $40,000. Money Concepts Capital Corp raised its stake in shares of Andersons by 817.4% during the fourth quarter. Money Concepts Capital Corp now owns 1,266 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 1,128 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Andersons during the first quarter valued at $66,000. Finally, FMR LLC increased its position in shares of Andersons by 30.3% during the first quarter. FMR LLC now owns 1,711 shares of the basic materials company’s stock worth $71,000 after buying an additional 398 shares during the period. Institutional investors own 85.16% of the company’s stock.

Analyst Ratings Changes

ANDE has been the subject of several research analyst reports. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Roth Capital reaffirmed a “buy” rating and issued a $65.00 target price on shares of Andersons in a report on Tuesday, February 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $62.50.

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Andersons Company Profile

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The Andersons, Inc operates in trade, renewables, and plant nutrient sectors in the United States and internationally. It operates through three segments: Trade, Renewables, and Plant Nutrient. 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, and corn oil.

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Earnings History for Andersons (NASDAQ:ANDE)

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