Scotiabank Research Analysts Cut Earnings Estimates for DAR

Darling Ingredients Inc. (NYSE:DAR) – Research analysts at Scotiabank cut their FY2024 EPS estimates for shares of Darling Ingredients in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now forecasts that the company will post earnings of $1.60 per share for the year, down from their previous forecast 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.

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

DAR has been the subject of several other research reports. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Sandler lowered their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Two 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 a consensus rating of “Moderate Buy” and an average target price of $53.44.

Darling Ingredients Trading Up 7.9 %

NYSE DAR opened at $36.32 on Monday. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 22.42 and a beta of 1.21. 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 one year low of $32.55 and a one year high of $48.39. The company’s 50 day moving average price is $37.35 and its 200 day moving average price is $37.55.

Institutional Trading of Darling Ingredients

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares during the last quarter. Signaturefd LLC raised its position in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients during the third quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after buying an additional 758 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

About Darling Ingredients

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.