Andersons (NASDAQ:ANDE) Posts Earnings Results, Beats Estimates By $0.34 EPS

Andersons (NASDAQ:ANDE - Get Free Report) issued its quarterly earnings data on Tuesday. The basic materials company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.02 by $0.34, Zacks reports. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.72 billion.

Andersons Stock Performance

NASDAQ:ANDE traded down $0.64 during mid-day trading on Friday, hitting $45.53. 382,493 shares of the company traded hands, compared to its average volume of 280,684. The company has a quick ratio of 1.23, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. The stock's fifty day moving average price is $41.86 and its 200-day moving average price is $45.94. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 13.71 and a beta of 0.58. Andersons has a one year low of $39.25 and a one year high of $61.46.

Andersons Announces Dividend

The business 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 1.71%. Andersons's dividend payout ratio (DPR) is presently 23.49%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ANDE shares. StockNews.com downgraded Andersons from a "buy" rating to a "hold" rating in a research note on Thursday. Stephens restated an "overweight" rating and set a $55.00 target price on shares of Andersons in a research report on Wednesday.

Insider Transactions at Andersons

In other news, VP Weston Heide sold 800 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the sale, the vice president now directly owns 16,104 shares of the company's stock, valued at $772,992. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the transaction, the insider now owns 49,601 shares in the company, valued at approximately $2,367,455.73. This trade represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. 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.