Andersons (ANDE) Projected to Post Quarterly Earnings on Tuesday

Andersons (NASDAQ:ANDE) is projected to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.02 per share and revenue of $2.72 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Andersons Stock Down 0.6 %

Shares of NASDAQ:ANDE opened at $40.55 on Friday. Andersons has a 52 week low of $39.25 and a 52 week high of $61.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The company’s fifty day moving average is $42.02 and its 200-day moving average is $46.16. The company has a market capitalization of $1.38 billion, a PE ratio of 11.59 and a beta of 0.58.

Andersons Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st will be paid a $0.195 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.78 annualized dividend and a dividend yield of 1.92%. Andersons’s dividend payout ratio is presently 22.29%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ANDE shares. Stephens restated an “overweight” rating and issued a $60.00 target price on shares of Andersons in a research note on Thursday, January 2nd. StockNews.com raised Andersons from a “hold” rating to a “buy” rating in a report on Wednesday.

Insider Activity at Andersons

In related news, insider Joseph E. Mcneely sold 2,382 shares of Andersons stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the transaction, the insider now directly owns 49,601 shares of the company’s stock, valued at $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by company insiders.

About Andersons

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.