Scotiabank Predicts Reduced Earnings for Darling Ingredients

Darling Ingredients Inc. (NYSE:DAR - Free Report) - Research analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Darling Ingredients in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings per share of $2.75 for the year, down from their prior estimate of $3.00. The consensus estimate for Darling Ingredients' current full-year earnings is $1.88 per share.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business's quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS.

DAR has been the subject of several other research reports. TD Cowen lowered their price target on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating for the company in a research note on Friday, September 13th. Jefferies Financial Group raised their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped 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. Finally, Piper Sandler decreased their price target on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Darling Ingredients has an average rating of "Moderate Buy" and a consensus price target of $53.44.

Darling Ingredients Stock Up 7.9 %

Shares of NYSE:DAR traded up $2.66 during midday trading on Friday, hitting $36.32. 3,430,683 shares of the stock were exchanged, compared to its average volume of 2,081,514. The business's fifty day simple moving average is $37.41 and its two-hundred day simple moving average is $37.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients has a 52-week low of $32.55 and a 52-week high of $48.39. The company has a market capitalization of $5.78 billion, a PE ratio of 22.42 and a beta of 1.21.

Hedge Funds Weigh In On Darling Ingredients

Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Darling Ingredients by 18.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,035 shares of the company's stock valued at $299,000 after buying an additional 1,257 shares during the last quarter. First Hawaiian Bank increased its holdings in Darling Ingredients by 10.8% in the 4th quarter. First Hawaiian Bank now owns 16,521 shares of the company's stock valued at $557,000 after buying an additional 1,609 shares during the period. Central Pacific Bank Trust Division raised its stake in shares of Darling Ingredients by 10.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,724 shares of the company's stock valued at $361,000 after buying an additional 1,040 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Darling Ingredients by 47.3% during the 3rd quarter. Tidal Investments LLC now owns 20,049 shares of the company's stock worth $745,000 after acquiring an additional 6,442 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of Darling Ingredients by 70.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,835 shares of the company's stock valued at $595,000 after acquiring an additional 6,151 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.