Andersons (NASDAQ:ANDE) Releases Quarterly Earnings Results

Andersons (NASDAQ:ANDE) announced its quarterly earnings data on Tuesday. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.34, Zacks reports. Andersons had a return on equity of 8.21% and a net margin of 1.06%.

Andersons Stock Performance

Shares of ANDE opened at $40.77 on Wednesday. The company’s 50 day simple moving average is $41.80 and its 200-day simple moving average is $45.93. Andersons has a 12-month low of $39.25 and a 12-month high of $61.46. The firm has a market cap of $1.39 billion, a PE ratio of 11.65 and a beta of 0.58. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Andersons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, April 1st. Andersons’s payout ratio is currently 22.29%.

Insider Activity at Andersons

In other news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the sale, the insider now owns 49,601 shares in the company, valued at $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ANDE shares. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Andersons in a research note on Thursday, January 2nd.

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.