Darling Ingredients (NYSE:DAR) Announces Quarterly Earnings Results

Darling Ingredients (NYSE:DAR) announced its quarterly earnings results on Thursday. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.48 by $0.15, Zacks reports. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%.

Darling Ingredients Stock Up 6.7 %

NYSE:DAR traded up $2.40 during mid-day trading on Thursday, hitting $38.45. 3,242,340 shares of the company’s stock were exchanged, compared to its average volume of 2,092,441. Darling Ingredients has a one year low of $32.55 and a one year high of $48.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The business has a fifty day moving average price of $35.56 and a 200 day moving average price of $37.45. The company has a market cap of $6.12 billion, a PE ratio of 23.73 and a beta of 1.21.

Analyst Upgrades and Downgrades

DAR has been the subject of several analyst reports. Stephens reissued an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup dropped their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Piper Sandler dropped their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.