Andersons Inc (ANDE) is Upgraded by Buckingham Research to Buy

Andersons Inc (ANDE) was Upgraded by Buckingham Research to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Buckingham Research advised their investors in a research report released on Sep 26, 2016.

On the company’s financial health, Andersons Inc reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.58. The company had revenue of $1064.20 million for the quarter, 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 opened for trading at $34.98 and hit $35.01 on the upside on Thursday, eventually ending the session at $34.96, with a gain of 0.69% or 0.24 points. The heightened volatility saw the trading volume jump to 1,06,169 shares. Company has a market cap of $986 M.

Investors should note that on Aug 26, 2016, Andersons Inc announced a cash dividend of $0.1550. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Oct 24, 2016.

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.

Andersons Inc

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