ANDE - The Andersons, Inc.
| Previous Close | 24.72 |
| Open | 24.77 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 24.30 - 24.82 |
| 52 Week Range | 23.88 - 41.10 |
| Volume | 63,983 |
| Avg. Volume | 139,648 |
| Market Cap | 792.832M |
| Beta (3Y Monthly) | 1.12 |
| PE Ratio (TTM) | 19.95 |
| EPS (TTM) | 1.22 |
| Earnings Date | Nov 4, 2019 - Nov 8, 2019 |
| Forward Dividend & Yield | 0.68 (2.75%) |
| Ex-Dividend Date | 2019-06-28 |
| 1y Target Est | 31.67 |
- Bloomberg
Corn’s Hellish Week Has Traders Turning to Fields for Cues
(Bloomberg) -- August’s shocking U.S. corn and soybean crop forecasts are about to be put to the test.After a government report sent agriculture markets tumbling, projecting higher yields for America’s main crops than traders expected, grain-market watchers will be looking for a bit of ground truth. More than 100 crop scouts will count corn kernels and soybean pods during a four-day annual tour through fields across the eastern and western crop belt in seven Midwestern states.Traders, brokers and analysts will use the Pro Farmer Midwest Crop Tour to gauge just how much damage one of the wettest planting seasons on record has caused. The tour will take a closer look at what actual crops look like after the U.S. Department of Agriculture ditched the analysis of fields for its August report, relying instead on input from farmers as well as satellite data.“What is it clear is how the late planting will impact yields particularly in our northwest Ohio, southeast Michigan and northeast Indiana dry areas,” Pat Bowe, chief executive officer of U.S. crop handler Andersons Inc., said in a call with analysts. “We need good growing and harvest conditions, especially in our eastern dry areas, where a lower number of corn acres were planted.”The tour -- starting in Ohio for those traveling to the eastern crop belt or in South Dakota for those taking the western route -- could help prove who is on the right and wrong sides of trades. In the week ended Tuesday, money managers cut their bullish bets on corn to an 11-week low, a move likely triggered by lastv Monday’s biggest one-day corn sell-off since 2013 following the USDA report.Extreme crop variability will be in focus. Fields in the eastern half of the Midwest in states such as Indiana and Illinois are in worse shape than western Midwestern states like South Dakota and Nebraska, a difference that some analysts failed to spot ahead of the USDA report. The disparity was highlighted on Friday by Deere & Co., the world’s largest tractor manufacturer.The crop-scouting task this year will also be made more difficult both by record amounts of acres that couldn’t be planted due to relentless rain this spring, and by the delayed development of some crops.Corn could have stunted ear growth or few kernels while soybean plants may still be flowering and not yet have formed pods that will hold the beans. The first indications of corn yield and soy-pod count estimates for South Dakota and Ohio are due to be released Monday.Further complicating matters are slight drought conditions creeping into parts of the top corn-producing state of Iowa. On top of that, there’s still “a long way to go” in the growing season and an early frost could still pose a risk to late-planted crops, said Deere Chief Economist Luke Chandler.“History shows us that final yield numbers can vary relatively significantly from its August estimates,” he said, referring to the USDA.Andersons, which is based in Maumee, Ohio, and has a large footprint in the eastern Midwest, is already forecasting smaller earnings this year compared with 2018 as volumes of both corn and soybeans where the majority of its assets are based will be “substantially lower than normal,” Bowe said.Still, weather that allows crops to keep developing and reach higher yields could hurt still-bullish hedge funds. Investors cut their net-long positions in Chicago corn futures by 34,994 contracts to 44,513, weekly data from the U.S. Commodity Futures Trading Commission show.In the past, harvest estimates from the tour generally have fallen slightly below USDA forecasts. Brian Grete, editor of the Pro Farmer newsletter and leader of the eastern half of the crop tour, hinted at what the tour might find.With delayed plantings and dry weather, “pod counts are going to be down,” he said in a podcast. “There’s absolutely no doubt in my mind.”NOTE: Lance Honig, from the USDA’s National Agricultural Statistics Service, will join nightly meetings on the tour.(Adds that first estimates due for release Monday eighth paragraph)\--With assistance from Dominic Carey.To contact the reporters on this story: Isis Almeida in Chicago at ialmeida3@bloomberg.net;Michael Hirtzer in Chicago at mhirtzer@bloomberg.netTo contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Isis AlmeidaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
Does It Make Sense To Buy The Andersons, Inc. (NASDAQ:ANDE) For Its Yield?
Is The Andersons, Inc. (NASDAQ:ANDE) a good dividend stock? How can we tell? Dividend paying companies with growing...
- Thomson Reuters StreetEvents
Edited Transcript of ANDE earnings conference call or presentation 7-Aug-19 3:00pm GMT
Q2 2019 Andersons Inc Earnings Call
Motley FoolAndersons Inc (ANDE) Q2 2019 Earnings Call Transcript
ANDE earnings call for the period ending June 30, 2019.
- Bloomberg
Andersons Shows That Crop Trading Can Still Be a Money Maker
(Bloomberg) -- There’s still money in old-fashioned crop trading.That’s the lesson from American crop handler Andersons Inc., which benefited from market volatility and merchandising activities in the second quarter. Adjusted earnings came in at 98 cents a share, 46% higher than the average analyst estimate. Andersons’ shares rose the most in a year.The Maumee, Ohio-based firm’s upbeat results come as much bigger rivals struggle to make money from their core businesses, turning to everything from meat to food ingredients and alternative proteins. Archer-Daniels-Midland Co. results were in line with expectations mainly due to cost-cutting measures, while Bunge Ltd. beat estimates because of its investment in veggie-burger maker Beyond Meat Inc.“Extremely wet weather in many of our core grain origination markets benefited our trade group,” Andersons Chief Executive Officer Pat Bowe said in a statement. “We were able to capitalize on merchandising opportunities caused by grain and feed ingredient price volatility.”Unprecedented wet weather in the U.S. Midwest delayed plantings and sent grain futures rallying. In the physical market, high river levels and more challenging logistics helped push up the premium buyers need to pay on top of futures, the so-called basis. Higher corn and soft red-winter wheat basis helped boost profits for the firm’s trade group.“The trade group’s adjusted results were strong, as basis appreciation and good merchandising results helped offset weakness in the food and specialty ingredients units,” Bowe said. “However, we’re concerned about the implications of a smaller corn crop on the utilization of our eastern grain assets for the remainder of this year and into 2020.”Nevertheless, the firm said its operating outlook for the year will be lower than initially thought. Andersons had expected to earn more than the $1.63 a share it posted in 2018, but now given “the ongoing impacts of the unprecedented first-half weather and the world trade difficulties,” operating results “will be down slightly for the full year,” the CEO said on call with analysts Wednesday.The company’s shares rose as much as 12% Wednesday, the steepest intraday gain in a year. The gain had pared to 2.1% at 12:27 p.m. in New York.The weather impacted its crop nutrients and ethanol units. Reduced corn plantings eroded crop-input sales, while higher corn prices hurt ethanol margins. Still, the company’s ethanol business turned a profit as competitors including ADM and Green Plains Inc. struggled.“Margins were extremely weak, but ethanol and corn oil yields continued to improve,” the company said. “The group selectively reduced production in response to the margin environment.”Higher earnings also come after Andersons acquired Lansing Trade Group in a transaction that closed Jan. 1. The company also announced it had reached an agreement to sell the agronomy assets of its Canadian business to Sylvite Holdings in a sale expected to close in September. Andersons will continue to operate the subsidiary’s grain storage and food processing facilities.(Updates with reduced guidance in seventh paragraph)\--With assistance from Laura Millan Lombrana.To contact the reporters on this story: Isis Almeida in Chicago at ialmeida3@bloomberg.net;Mario Parker in Chicago at mparker22@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, James AttwoodFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire
The Andersons, Inc. Reports Second Quarter 2019 Results
MAUMEE, Ohio , Aug. 6, 2019 /PRNewswire/ -- The Andersons, Inc. (NASDAQ: ANDE) announces financial results for the second quarter ended June 30, 2019 . Second Quarter Highlights: Company reports net income ...
- Simply Wall St.
Should We Worry About The Andersons, Inc.'s (NASDAQ:ANDE) P/E Ratio?
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
CNW GroupThe Andersons to Release Second Quarter Results on August 6
The Andersons to Release Second Quarter Results on August 6
- Simply Wall St.
Do Directors Own The Andersons, Inc. (NASDAQ:ANDE) Shares?
If you want to know who really controls The Andersons, Inc. (NASDAQ:ANDE), then you'll have to look at the makeup of...
- Simply Wall St.
Is There Now An Opportunity In The Andersons, Inc. (NASDAQ:ANDE)?
The Andersons, Inc. (NASDAQ:ANDE), which is in the consumer retailing business, and is based in United States...
- Simply Wall St.
Is The Andersons, Inc. (NASDAQ:ANDE) Potentially Undervalued?
The Andersons, Inc. (NASDAQ:ANDE), which is in the consumer retailing business, and is based in United States, saw...
- Markit
See what the IHS Markit Score report has to say about Andersons Inc.
Andersons Inc NASDAQ/NGS:ANDEView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for ANDE with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ANDE had net inflows of $1.46 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- CNW Group
1855 Capital and Maumee Ventures co-lead investment in enhanced efficiency fertilizer company Phospholutions
STATE COLLEGE, Pa. , June 6, 2019 /CNW/ -- State College-based 1855 Capital and Maumee Ventures, the venture capital subsidiary of The Andersons, Inc., today announced that they have co-led an investment round of up to $1.5 million in the sustainable fertilizer start-up, Phospholutions. This investment supports the full commercial launch of Phospholutions' RhizoSorb® product with both local support from 1855 Capital and industry participation from The Andersons, a diversified U.S. agribusiness. RhizoSorb is a soil-enhancement product that utilizes technology originally created in Penn State University's College of Agricultural Sciences.
- Simply Wall St.
Should You Worry About The Andersons, Inc.'s (NASDAQ:ANDE) CEO Salary Level?
Pat Bowe became the CEO of The Andersons, Inc. (NASDAQ:ANDE) in 2015. This analysis aims first to contrast CEO...
- Thomson Reuters StreetEvents
Edited Transcript of ANDE earnings conference call or presentation 7-May-19 3:00pm GMT
Q1 2019 Andersons Inc Earnings Call
- Simply Wall St.
Why We’re Not Impressed By The Andersons, Inc.’s (NASDAQ:ANDE) 2.2% ROCE
Today we are going to look at The Andersons, Inc. (NASDAQ:ANDE) to see whether it might be an attractive investment...
- American City Business Journals
St. Louis agtech startup closes $6M financing round
Agtech startup NanoGuard Technologies plans to accelerate its commercialization efforts after closing a Series A financing round led by a local investor.
- PR Newswire
The Andersons, Inc. Declares Cash Dividend for the Third Quarter
MAUMEE, Ohio , May 10, 2019 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces a third quarter 2019 cash dividend of 17 cents ($0.17) per share payable on July 22, 2019 , to shareholders of record ...
- CNW Group
The Andersons to Present at BMO Capital Markets 14th Annual Farm to Market Conference
The Andersons to Present at BMO Capital Markets 14th Annual Farm to Market Conference
