Andersons (ANDE) Expected to Announce Quarterly Earnings on Tuesday

Andersons (NASDAQ:ANDE) is projected to release its earnings data after the market closes on Tuesday, February 18th. Analysts expect Andersons to post earnings of $1.02 per share and revenue of $2.72 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Andersons Stock Performance

ANDE opened at $40.74 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.39 billion, a PE ratio of 11.64 and a beta of 0.58. The business has a fifty day simple moving average of $42.49 and a 200-day simple moving average of $46.49. Andersons has a fifty-two week low of $39.25 and a fifty-two week high of $61.46.

Andersons Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd were given a $0.195 dividend. This is a positive change from Andersons’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, January 2nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.91%. Andersons’s dividend payout ratio (DPR) is 22.29%.

Insider Buying and Selling

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the transaction, the insider now owns 49,601 shares in the company, valued at $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ANDE has been the subject of several research analyst reports. Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Andersons in a research report on Thursday, January 2nd. StockNews.com lowered Andersons from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.