Darling Ingredients ( (DAR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Darling Ingredients shares moved higher as investors reacted to stronger-than-expected performance from the company’s renewable diesel joint venture and core ingredients business. The JV generated about $92 million in segment earnings in the latest quarter, lifting Darling’s share of adjusted EBITDA to $58 million, or roughly 41 cents per gallon, signaling more robust cash generation than previously anticipated. Management also indicated that both the JV and the core business improved sequentially in the fourth quarter and that full-year results should come in ahead of earlier guidance. This upbeat outlook, combined with a more positive mood toward the renewable fuels sector, has prompted analysts to revisit and upgrade their financial models for Darling. The stock recently traded around $44 as expectations for future earnings and cash flows continue to reset higher.
More about Darling Ingredients
YTD Price Performance: 22.28%
Average Trading Volume: 2,155,480
Technical Sentiment Signal: Buy
Current Market Cap: $6.96B
For further insights into DAR stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.