The Andersons (ANDE) Receiving Somewhat Favorable News Coverage, Report Finds
News coverage about The Andersons (NASDAQ:ANDE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Andersons earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.7766321225662 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of The Andersons (NASDAQ:ANDE) opened at 35.40 on Friday. The firm has a 50-day moving average price of $32.73 and a 200-day moving average price of $34.70. The firm’s market capitalization is $1.00 billion. The Andersons has a 1-year low of $30.80 and a 1-year high of $44.90.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.17). The firm had revenue of $993.70 million during the quarter, compared to analysts’ expectations of $1.06 billion. The Andersons had a negative net margin of 0.47% and a positive return on equity of 3.77%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. On average, analysts forecast that The Andersons will post $1.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 23rd. Shareholders of record on Monday, October 2nd will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.81%. The Andersons’s payout ratio is currently -101.59%.
A number of research firms have weighed in on ANDE. BidaskClub cut The Andersons from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Stephens cut The Andersons from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $42.00 to $35.00 in a research note on Monday, August 7th. Finally, Zacks Investment Research upgraded The Andersons from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th.
The Andersons Company Profile
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.
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