Andersons (NASDAQ:ANDE) Announces Earnings Results

Andersons (NASDAQ:ANDE) released its earnings results on Wednesday. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.07), Briefing.com reports. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $3.46 billion. Andersons had a return on equity of 8.19% and a net margin of 0.69%. The firm’s revenue for the quarter was down 30.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share.

Andersons Trading Up 2.7 %

NASDAQ ANDE opened at $52.85 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of 17.98 and a beta of 0.69. Andersons has a 52 week low of $35.69 and a 52 week high of $61.46. 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 50 day moving average price of $56.02 and a 200 day moving average price of $53.90.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 28th. Andersons’s dividend payout ratio is currently 25.85%.

Analyst Ratings Changes

ANDE has been the subject of a number of research analyst reports. Roth Capital reiterated a “buy” rating and set a $65.00 price objective on shares of Andersons in a report on Tuesday, February 6th. StockNews.com cut Andersons from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Andersons has an average rating of “Moderate Buy” and an average target price of $62.50.

Insiders Place Their Bets

In other news, CEO Patrick E. Bowe sold 3,387 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $60.01, for a total value of $203,253.87. Following the completion of the sale, the chief executive officer now owns 85,159 shares of the company’s stock, valued at approximately $5,110,391.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick E. Bowe sold 3,387 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $60.01, for a total value of $203,253.87. Following the completion of the transaction, the chief executive officer now directly owns 85,159 shares of the company’s stock, valued at approximately $5,110,391.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick E. Bowe sold 34,597 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.46, for a total transaction of $1,918,749.62. Following the sale, the chief executive officer now directly owns 83,515 shares in the company, valued at approximately $4,631,741.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,245 shares of company stock valued at $2,534,099. 5.10% of the stock is currently 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.