The Andersons, Inc. (ANDE) Lifted to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of The Andersons, Inc. (NASDAQ:ANDE) from a strong sell rating to a hold rating in a report released on Wednesday morning.
According to Zacks, “Andersons has underperformed the industry in the past year. Andersons’ Ethanol Group continues to be affected by lower DDG margins due to problems with vomitoxin in the vicinities of the group's three eastern facilities. Andersons’ Plant Nutrient group continues to be impacted by an unfavorable combination of oversupply, low prices and argins. Also, the Rail Group continues to be impacted by an oversupplied market, so far this year. Nevertheless, the company expects net income in 2017 to be better than 2016 levels. The Grain and Ethanol groups will continue to perform well. Andersons continues to make strong progress in its cost savings and productivity initiatives. It is consistently working toward a leaner and more scalable infrastructure.”
ANDE has been the topic of several other research reports. Stephens downgraded The Andersons from an overweight rating to an equal weight rating and dropped their price target for the company from $42.00 to $35.00 in a research note on Monday, August 7th. BidaskClub upgraded The Andersons from a strong sell rating to a sell rating in a research note on Friday, August 11th.
The Andersons (NASDAQ ANDE) opened at $36.75 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.52 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.05 billion, a P/E ratio of 36.09 and a beta of 1.35.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.17). The firm had revenue of $993.70 million for 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 firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. equities research analysts predict that The Andersons will post 1.34 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Monday, October 23rd. Shareholders of record on Monday, October 2nd were paid a dividend of $0.16 per share. The ex-dividend date was Friday, September 29th. This represents a $0.64 annualized dividend and a yield of 1.74%. The Andersons’s payout ratio is presently -101.59%.
Institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in shares of The Andersons by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,750 shares of the basic materials company’s stock worth $367,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of The Andersons by 0.7% in the second quarter. Arizona State Retirement System now owns 13,761 shares of the basic materials company’s stock worth $470,000 after buying an additional 100 shares during the last quarter. Aperio Group LLC boosted its stake in shares of The Andersons by 1.7% in the second quarter. Aperio Group LLC now owns 7,264 shares of the basic materials company’s stock worth $248,000 after buying an additional 119 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of The Andersons by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,957 shares of the basic materials company’s stock worth $716,000 after buying an additional 181 shares during the last quarter. Finally, First Midwest Bank Trust Division boosted its stake in shares of The Andersons by 1.1% in the second quarter. First Midwest Bank Trust Division now owns 17,850 shares of the basic materials company’s stock worth $610,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.
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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