Andersons (NASDAQ:ANDE) Issues Earnings Results, Beats Expectations By $0.34 EPS

Andersons (NASDAQ:ANDE) announced its quarterly earnings data on Tuesday. The basic materials company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.34, Zacks reports. Andersons had a return on equity of 8.21% and a net margin of 1.06%.

Andersons Stock Up 0.5 %

ANDE opened at $40.77 on Wednesday. Andersons has a 12 month low of $39.25 and a 12 month high of $61.46. The business has a 50-day moving average of $41.80 and a two-hundred day moving average of $45.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.65 and a beta of 0.58.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 1st will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.78 annualized dividend and a yield of 1.91%. Andersons’s dividend payout ratio (DPR) is presently 22.29%.

Analyst Ratings Changes

ANDE has been the topic of a number of research analyst reports. StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Stephens restated an “overweight” rating and issued a $60.00 price objective on shares of Andersons in a research report on Thursday, January 2nd.

Insider Activity

In other news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares in the company, valued at $2,367,455.73. This represents a 4.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.10% of the company’s stock.

About Andersons

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.