Darling Ingredients (NYSE:DAR) Releases Earnings Results, Beats Expectations By $0.15 EPS

Darling Ingredients (NYSE:DAR) announced its quarterly earnings data on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15, Zacks reports. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%.

Darling Ingredients Stock Performance

NYSE:DAR traded up $2.40 during midday trading on Thursday, reaching $38.45. The stock had a trading volume of 3,299,112 shares, compared to its average volume of 2,092,456. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The stock has a market cap of $6.12 billion, a P/E ratio of 23.73 and a beta of 1.21. The firm has a fifty day simple moving average of $35.56 and a two-hundred day simple moving average of $37.45. Darling Ingredients has a 12-month low of $32.55 and a 12-month high of $48.39.

Analysts Set New Price Targets

A number of research firms have issued reports on DAR. Piper Sandler reduced their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Jefferies Financial Group raised their target price 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. Stephens reiterated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Citigroup decreased their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.22.

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.