Darling Ingredients Inc (DAR) reported quarterly earnings results on Thursday, Aug-11-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.17. The company posted revenue of $877.34 million in the period, compared to analysts expectations of $875.85 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Darling Ingredients Inc. Darling Ingredients Inc was Upgraded by Goldman to ” Buy” on Jun 29, 2016. Company shares were Upgraded by JP Morgan on May 26, 2016 to ” Overweight”, Firm has raised the Price Target to $ 18 from a previous price target of $14 .
Darling Ingredients Inc opened for trading at $14.95 and hit $15.115 on the upside on Monday, eventually ending the session at $14.97, with a gain of 0.34% or 0.05 points. The heightened volatility saw the trading volume jump to 14,49,614 shares. Company has a market cap of $2,464 M.
In a different news, on Nov 24, 2015, Justinus Sanders (director) purchased 10,000 shares at $9.47 per share price.
Darling Ingredients Inc. formerly Darling International Inc. is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food pet food pharmaceutical feed fuel bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients which includes the edible and inedible animal by-products bakery and hides business lines; Food Ingredients which includes the gelatin casings and edible fats business lines and Fuel Ingredients which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients such as gelatin tallow feed-grade fats meat and bone meal poultry meal yellow grease fuel feed stocks green energy natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.