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Value Investing Is Back! 3 Stocks With Strong Fundamentals to Buy Now
Investor Place· 2024-06-26 17:35
Core Insights - Increased volatility on Wall Street has led investors to consider value stocks, which historically outperform during downturns and provide stability amid market fluctuations [1][3] - Goldman Sachs highlights that value stocks have more stable cash flows, making them less sensitive to interest rate changes, with the Vanguard Value Index Fund ETF returning over 8% this year [2] Group 1: Darling Ingredients (DAR) - Darling Ingredients operates in the bioenergy and specialty ingredients sector, focusing on renewable diesel, which is expected to grow as carbon reduction efforts increase [4] - In Q1 2024, Darling reported revenues of $1.4 billion, down from $1.8 billion the previous year, with net income dropping 56% due to lower product pricing [5] - Despite challenges, management's initiatives, such as starting sustainable aviation fuel production in late 2024 and acquiring Miropasz, are expected to enhance revenue [6] - DAR stock has decreased over 27% in 2024, but analysts predict improved earnings in 2025, with a 12-month price forecast suggesting a 57% upside potential [7] Group 2: General Motors (GM) - General Motors is transitioning towards electric vehicles and autonomous driving, with a strong Q1 2024 performance showing revenues of $43 billion, up 7.6% year-over-year [8] - The company raised its full-year earnings guidance and announced a $6 billion stock repurchase plan, enhancing shareholder value [9] - GM stock has gained 28% year-to-date, trading at favorable multiples, with analysts projecting a 12-month price target indicating nearly 13% upside [10] Group 3: Organon (OGN) - Organon is a healthcare company with a strong product lineup and solid financials, appealing to income-focused investors due to its attractive dividend yield [11] - In Q1 2024, Organon reported revenues of $1.6 billion, a 7% growth, with adjusted EPS increasing by 13% year-over-year [12] - The company's women's health and biosimilars divisions are experiencing significant growth, with the biosimilars market projected to grow at a CAGR of over 17% from 2023 to 2028 [14] - OGN stock has risen 45% since January, with a substantial dividend yield and a favorable valuation, supported by a 12-month price target suggesting a 5.5% upside [15]
Darling Ingredients Inc. to Reduce Emissions Through Renewable Natural Gas Production
Prnewswire· 2024-06-05 20:48
IRVING, Texas, June 5, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that it plans to reduce emissions from its wastewater treatment plants at some of its rendering facilities by capturing biogas and converting it to renewable natural gas (RNG) in partnership with GreenGasUSA. The initial plan is to start with five Darling Ingredients plants in the United States with the op ...
Darling Ingredients Inc. to Participate in Upcoming Conferences
Prnewswire· 2024-05-08 20:47
IRVING, Texas, May 8, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that the company will participate in the following conferences:- BMO Global Farm to Market Conference in New York City, N.Y. – May 15  Chairman and Chief Executive Officer Randall C. Stuewe will participate in a fireside chat (9:30 a.m. ET) and investor meetings.- TD Cowen 2nd Annual Virtual Sustainability ...
Compared to Estimates, Darling (DAR) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-25 22:30
For the quarter ended March 2024, Darling Ingredients (DAR) reported revenue of $1.42 billion, down 20.7% over the same period last year. EPS came in at $0.50, compared to $1.16 in the year-ago quarter.The reported revenue represents a surprise of +0.45% over the Zacks Consensus Estimate of $1.41 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +25.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...
Darling Ingredients(DAR) - 2024 Q1 - Earnings Call Transcript
2024-04-25 19:23
Darling Ingredients Inc. (NYSE:DAR) Q1 2024 Earnings Conference Call April 25, 2024 9:00 AM ET Suann Guthrie - Senior Vice President, Investor Relations, Sustainability & Communications Randall Stuewe - Chairman & Chief Executive Officer Brad Phillips - Executive Vice President & Chief Financial Officer Bob Day - Executive Vice President-Strategy Matt Jansen - Chief Operating Officer-North America Dushyant Ailani - Jefferies Tom Palmer - Citi Ben Bienvenu - Stephens Adam Samuelson - Goldman Sachs Manav Gupt ...
Darling Ingredients(DAR) - 2024 Q1 - Earnings Call Presentation
2024-04-25 16:23
DAF Financial Results Q1 2024 April 25, 2024 This presentation includes "forward-looking" statements that are subject to risks and uncertairties that could cause actual results to differ materially from those expessed mplied in the statements. Statements that are not statements of historical focts are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Wards such as "estimate," "outlook," "project," "planned," "contemplate," ...
Darling Ingredients (DAR) Q1 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-04-25 12:51
Darling Ingredients (DAR) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this producer of natural ingredients from edible and inedible bionutrients would post earnings of $0.74 per share when it actually produced earnings of $0.62, delivering ...
Darling Ingredients(DAR) - 2024 Q1 - Quarterly Results
2024-04-25 12:34
Exhibit 99.1 FOR IMMEDIATE RELEASE April 25, 2024 Darling Ingredients Inc. Reports First Quarter 2024 Results First Quarter 2024 IRVING, TEXAS - Darling Ingredients Inc.(NYSE: DAR) today reported net income of $81.2 million, or $0.50 per diluted share for first quarter of 2024, compared to net income of $185.8 million, or $1.14 per diluted share, for first quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in fat prices and lower earnings within Diamond Green Die ...
Darling Ingredients Inc. Reports First Quarter 2024 Results
Prnewswire· 2024-04-25 10:35
First Quarter 2024 Net income of $81.2 million, or $0.50 per GAAP diluted share Net sales of $1.4 billion Combined adjusted EBITDA of $280.1 million IRVING, Texas, April 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today reported net income of $81.2 million, or $0.50 per diluted share for first quarter of 2024, compared to net income of $185.8 million, or $1.14 per diluted share, for first quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in f ...
Darling Ingredients Inc. to Release First Quarter 2024 Financial Results
Prnewswire· 2024-04-18 20:46
IRVING, Texas, April 18, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) announced today that it will host a conference call on Thursday, April 25, 2024, at 9 a.m. Eastern Time (8 a.m. Central Time) to discuss first quarter 2024 financial results, which will be released earlier that day, and provide an update on company operations. A presentation with accompanying supplemental financial data will also be available at darlingii.com/investors. To access the call as a listener, please register for th ...