Andersons Inc (ANDE) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.51 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.58. The company posted revenue of $1064.20 million in the period, compared to analysts expectations of $1215.48 million. The company’s revenue was down -10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.
Andersons Inc closed down -0.45 points or -1.24% at $35.91 with 81,980 shares getting traded on Tusday. Post opening the session at $36.48, the shares hit an intraday low of $35.55 and an intraday high of $36.7 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 21, 2016, William J Wolf (President, Plant Nutrients Grp) sold 1 shares at $66.31 per share price. According to the SEC, on Jun 21, 2016, Tamara Sue Sparks (VP,Corp.Relations/BusinessAnal) sold 0 shares at $62.46 per share price. On Jan 27, 2016, Donald L Mennel (director) sold 7,000 shares at $21.69 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.