|Bid||0.00 x 800|
|Ask||0.00 x 1300|
|Day's Range||11.54 - 12.54|
|52 Week Range||10.00 - 28.82|
|Beta (5Y Monthly)||0.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 04, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.70 (5.81%)|
|Ex-Dividend Date||Mar 31, 2020|
|1y Target Est||25.00|
NEW YORK, NY / ACCESSWIRE / May 25, 2020 / Pomerantz LLP is investigating claims on behalf of investors The Andersons, Inc. ("Andersons" or the "Company") (NASDAQ:ANDE). Such investors ...
NEW YORK, NY / ACCESSWIRE / May 21, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Andersons, Inc. ("Andersons" or "the Company") ...
Investors who take an interest in The Andersons, Inc. (NASDAQ:ANDE) should definitely note that insider James Pirolli...
The COVID-19 pandemic and additional factors that are described in the company's publicly filed documents including its '34 Act filings and the prospectuses prepared in connection with the company's offerings. Today's call includes financial information which the company's independent auditors have not completely reviewed. Although the company believes that the assumptions upon which the financial information and its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be accurate.
(Bloomberg) -- Crop handler Andersons Inc. posted its biggest quarterly loss since 2015 as the coronavirus kept cars off the roads, slashing demand for corn-based ethanol. Shares plunged the most in more than a month.The Maumee, Ohio-based trader posted a net loss of $37.7 million, more than double the same period last year, the company said in a statement. The ethanol business took a hit as fuel demand plunged, while its trade group suffered losses due to the lack of demand for corn.“Most parts of our business were off to a decent start to the quarter, but the COVID-19 pandemic had a profound negative impact on our operating results,” said Chief Executive Officer Pat Bowe. “Stay-at-home orders reduced vehicle miles traveled, which in turn dramatically reduced demand for gasoline, ethanol and corn.”Still, the firm expects to bring ethanol production back on line throughout the second quarter as demand, logistics and margins improve. The company also expects a large U.S. corn crop to benefit its trade group, and is positive about exports to China in the later part of the year, Bowe said in a call with analysts.Key TakeawaysTrade Group losses widened to $8.7 million “as lower ethanol demand caused significant depreciation in corn basis.”The ethanol business, which had managed to remain profitable at this time last year, lost $24 million.Andersons had already warned it would suspend operations at its ethanol plants. Margins have sunk further into negative territory as lockdowns leave roads empty and a price war between Saudi Arabia and Russia led to a crude oil meltdown.While some U.S. ethanol plants may close permanently, the Andersons says its facilities are efficient and well-positioned when demand returns.Still, the company has no forward cover for ethanol, Bowe said.Andersons is taken an even stronger approach to cost controls and cash management, now targeting $20 million in cuts this year, up from a previous target of $10 million.The company expects to spend about $100 million on capital projects in 2020 after averaging more than $200 million in the last three years.Share ReactionAndersons shares, which had been down about 39% this year, slumped as much as 20% and were down 16% at 11:49am in New York.Get MoreAdjusted loss came in at $1.32 a share versus the average analyst estimate for a loss of 27 cents and last year’s 16 cents loss.READ: Trader Andersons Takes Down Ethanol Plants on Virus Demand Blow(Updates with CEO comment in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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MAUMEE, Ohio , March 30, 2020 /CNW/ -- The Andersons, Inc. (ANDE) announced today it will hold its Annual Meeting of Shareholders (Annual Meeting) on Friday, May 8, 2020 , at 8 a.m. Eastern Time in a virtual format only, due to the emerging public health impact of the coronavirus (COVID-19) pandemic. The Annual Meeting will be broadcast via live a webcast, which can be accessed at www.virtualshareholdermeeting.com/ANDE2020, by entering the 16-digit control number found on shareholder proxy cards or voting instruction forms that were included with proxy materials. As described in the proxy materials for the Annual Meeting, shareholders are entitled to vote in the Annual Meeting if they were a shareholder as of the close of business on March 10, 2020 , the record date.
The Andersons, Inc. (NASDAQ:ANDE) stock is about to trade ex-dividend in 4 days time. You can purchase shares before...
The Andersons, Inc. (Nasdaq: ANDE) announced today that it will idle its ELEMENTTM ethanol facility in Colwich, Kansas, in the coming days for an extended maintenance and repair period and will take spring maintenance shutdowns at the four facilities owned by The Andersons Marathon Holdings LLC (TAMH), a joint venture between The Andersons and Marathon Petroleum Corporation.
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The Andersons, Inc. (Nasdaq: ANDE) announced today that the company has postponed its Investor Day event, previously scheduled for April 1, 2020 in New York City, due to general recommendations from public health authorities to restrict travel and large group gatherings as a result of the coronavirus (COVID-19) pandemic.
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