Andersons Inc (ANDE) Releases Earnings Results, Misses Expectations By $-0.53 EPS

Andersons Inc (ANDE) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.52 earnings per share for the quarter, missing the analyst consensus estimate by $-0.53. Analysts had a consensus of $0.01. The company posted revenue of $887.87 million in the period, compared to analysts expectations of $922.05 million. The company’s revenue was down -3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Andersons Inc opened for trading at $33.73 and hit $33.75 on the upside on Monday, eventually ending the session at $33.67, with a gain of 0.48% or 0.16 points. The heightened volatility saw the trading volume jump to 1,14,525 shares. Company has a market cap of $943 M.

In a different news, on Jan 27, 2016, Donald L Mennel (director) sold 7,000 shares at $21.69 per share price. According to the SEC, on Dec 7, 2015, Rasesh H Shah (President, Rail Group) sold 5,694 shares at $34.10 per share price. On Dec 3, 2015, Naran Uchur Burchinow (VP General Counsel & Secretary) sold 1,650 shares at $34.79 per share price, according to the Form-4 filing with the securities and exchange commission.

The Andersons Inc. is an agriculture-focused diversified company. The Company conducts business in the grain ethanol plant nutrient and rail sectors. It also produces turf and cob products and has a consumer retailing presence. It operates in six segments: Grain Ethanol Rail Plant Nutrient Turf & Specialty and Retail. Its grain business operates grain elevators and offers various grain marketing and corn origination services. It purchases and sells ethanol and markets distillers dried grains (DDG) and corn oil. It also manufactures distributes and retails agricultural and related plant nutrients and pelleted lime and gypsum products. Its Rail Group leases repairs and sells various types of railcars locomotives and barges. Its Turf & Specialty Group produces granular fertilizer and control products. Its retail stores focus on providing products in home improvement and other mass merchandise categories as well as specialty foods wine and indoor and outdoor garden centers.

Andersons Inc

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