The Andersons Inc (NASDAQ: ANDE) has reported earnings for its first fiscal quarter (ending March 31) of $0.16 versus a loss $-0.44 for the same period a year ago. This result fell short of the consensus estimate of $0.17 by $-0.01. For the latest four quarters through March 31, E.P.S. were $3.60 versus $2.90 for the same period a year ago — an increase of 24%.
Recent Price Action
On 5/7/24, The Andersons Inc (NASDAQ: ANDE) stock declined slightly by -0.7%, closing at $56.14. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months but has declined -2.0% during the last week.
Current PriceTarget Research Rating
ANDE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Andersons has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Andersons has a neutral Appreciation Score of 55 and a slightly positive Power Rating of 62, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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