Zacks: Brokerages Expect Darling Ingredients Inc (DAR) Will Announce Quarterly Sales of $912.64 Million
Equities research analysts expect Darling Ingredients Inc (NYSE:DAR) to report sales of $912.64 million for the current quarter, Zacks reports. Three analysts have issued estimates for Darling Ingredients’ earnings, with the highest sales estimate coming in at $926.60 million and the lowest estimate coming in at $885.00 million. Darling Ingredients posted sales of $887.28 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.9%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Darling Ingredients will report full year sales of $912.64 million for the current financial year, with estimates ranging from $3.60 billion to $3.64 billion. For the next year, analysts anticipate that the business will post sales of $3.72 billion per share, with estimates ranging from $3.65 billion to $3.78 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Darling Ingredients.
Several brokerages recently commented on DAR. Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Canaccord Genuity lifted their price target on shares of Darling Ingredients from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Roth Capital set a $20.00 price target on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Darling Ingredients currently has a consensus rating of “Buy” and an average target price of $19.33.
Shares of Darling Ingredients (NYSE DAR) opened at $17.84 on Tuesday. Darling Ingredients has a one year low of $12.38 and a one year high of $19.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.07 and a current ratio of 1.76. The company has a market cap of $2,940.00, a price-to-earnings ratio of 46.95 and a beta of 1.48.
Darling Ingredients Company Profile
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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