Andersons (ANDE) to Release Earnings on Tuesday

Andersons (NASDAQ:ANDE) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Andersons (NASDAQ:ANDE) last announced its earnings results on Wednesday, February 21st. The basic materials company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. Andersons’s revenue for the quarter was down 31.3% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, analysts expect Andersons to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Andersons Stock Performance

NASDAQ:ANDE opened at $56.51 on Monday. Andersons has a 52 week low of $35.69 and a 52 week high of $61.46. The company has a fifty day simple moving average of $56.02 and a two-hundred day simple moving average of $53.83. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 19.22 and a beta of 0.69.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, March 28th. Andersons’s dividend payout ratio (DPR) is presently 25.85%.

Analyst Ratings Changes

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

Insider Activity at Andersons

In other Andersons news, CEO Patrick E. Bowe sold 2,623 shares of Andersons stock in a transaction on Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the transaction, the chief executive officer now directly owns 90,653 shares in the company, valued at $5,005,858.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Patrick E. Bowe sold 2,623 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $55.22, for a total value of $144,842.06. Following the completion of the sale, the chief executive officer now owns 90,653 shares in the company, valued at $5,005,858.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patrick E. Bowe sold 1,338 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $55.12, for a total value of $73,750.56. Following the transaction, the chief executive officer now directly owns 89,315 shares of the company’s stock, valued at $4,923,042.80. The disclosure for this sale can be found here. Insiders sold a total of 45,245 shares of company stock worth $2,534,099 in the last 90 days. 5.10% of the stock is owned by insiders.

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.