The Andersons, Inc. (NASDAQ:ANDE) is reporting third quarter financial results on Tuesday 3rd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, ANDE is expected to report 3Q20 loss of $ 0.12 per share from revenue of $ 1874.60 million.
For the full year, analysts anticipate top line of $ 7592.57 million, while looking forward to income of $ 0.16 per share bottom line.
Previous Quarter Performance
The Andersons, Inc. came out with income for the second quarter of $ 0.88 per share, from the revenue of $ 1,890.00 million. The quarterly earnings contracted 10.20 percent while revenues declined 18.71 percent compared with the same quarter last year.
According to street consensus, ANDE was expected to report 2Q20 loss of $ 0.28 per share from revenue of $ 2107.47 million. The bottom line results beat street analysts by $ 1.16 or 414.29 percent, at the same time, top line results fell short of analysts by $ 217.47 million or 10.32 percent.
Stock Performance
Shares of The Andersons, Inc. traded up $ 0.69 or 3.18 percent on Monday, reaching $ 22.38 with volume of 175.10 thousand shares. The Andersons, Inc. has traded high as $ 22.43 and has cracked $ 21.67 on the downward trend
The closing price of $ 22.38, representing a 116.90 % increase from the 52 week low of $ 10.00 and a 16.35 % decrease over the 52 week high of $ 25.93.
The company has a market capital of $ 738.54 million and is part of the Consumer Defensive sector and Food Distribution industry.
Recent Analyst recommendations
- On 24th September 2020, upgraded by Seaport Global Securities to Buy from Neutral rating.
- On 14th September 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating, with $ 24.00 target price.
Conference Call
The Andersons, Inc. will be hosting a conference call at 11:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.andersonsinc.com
The Andersons, Inc., an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The companys Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities. Its Ethanol segment purchases and sells ethanol; and offers facility operations, risk management, and corn origination services.
