Scotiabank Cuts Earnings Estimates for Darling Ingredients

Darling Ingredients Inc. (NYSE:DAR - Free Report) - Investment analysts at Scotiabank reduced their FY2024 earnings per share estimates for Darling Ingredients in a report released on Wednesday, January 8th. Scotiabank analyst P. Cheng now anticipates that the company will earn $1.60 per share for the year, down from their prior estimate of $2.40. The consensus estimate for Darling Ingredients' current full-year earnings is $1.88 per share. Scotiabank also issued estimates for Darling Ingredients' FY2026 earnings at $3.85 EPS.

DAR has been the subject of several other research reports. JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted 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. Finally, Piper Sandler dropped their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.44.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $36.32 on Monday. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 22.42 and a beta of 1.21. Darling Ingredients has a one year low of $32.55 and a one year high of $48.39. The company's 50-day simple moving average is $37.35 and its 200-day simple moving average is $37.55. 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 (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company's revenue was down 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share.

Institutional Trading of Darling Ingredients

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after purchasing an additional 288 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Darling Ingredients by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company's stock valued at $446,000 after buying an additional 310 shares in the last quarter. Signaturefd LLC increased its stake in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after buying an additional 386 shares during the period. Glenmede Trust Co. NA raised its position in shares of Darling Ingredients by 5.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company's stock worth $283,000 after buying an additional 412 shares in the last quarter. Finally, Corbyn Investment Management Inc. MD lifted its stake in shares of Darling Ingredients by 1.6% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company's stock worth $1,103,000 after acquiring an additional 455 shares during the period. 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.