Andersons (NASDAQ:ANDE) Announces Quarterly Earnings Results

Andersons (NASDAQ:ANDE) issued its earnings results on Monday. The basic materials company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.43 by $0.37, Briefing.com reports. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The firm’s revenue for the quarter was down 27.9% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS.

Andersons Stock Performance

NASDAQ:ANDE traded up $3.00 during trading hours on Wednesday, reaching $46.41. The stock had a trading volume of 19,839 shares, compared to its average volume of 167,849. Andersons has a 12-month low of $41.76 and a 12-month high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. The stock has a 50 day simple moving average of $48.32 and a 200 day simple moving average of $50.14. The stock has a market cap of $1.58 billion, a P/E ratio of 14.57 and a beta of 0.60.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Tuesday, October 1st. Andersons’s dividend payout ratio is presently 25.50%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research report on Tuesday.

About Andersons

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.