Andersons (NASDAQ:ANDE) Issues Quarterly Earnings Results

Andersons (NASDAQ:ANDE - Get Free Report) announced its earnings results on Monday. The basic materials company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.37, Briefing.com reports. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm earned $0.13 earnings per share. The business's revenue for the quarter was down 27.9% on a year-over-year basis.

Andersons Stock Performance

ANDE stock traded down $2.41 during trading on Tuesday, reaching $43.41. The stock had a trading volume of 422,184 shares, compared to its average volume of 168,541. The firm has a market cap of $1.48 billion, a PE ratio of 14.57 and a beta of 0.60. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average is $48.45 and its two-hundred day moving average is $50.25. Andersons has a 52 week low of $41.76 and a 52 week high of $61.46.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.75%. Andersons's payout ratio is 25.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Andersons from a "buy" rating to a "hold" rating in a research report on Tuesday.

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.