Andersons beats Q4 profit expectations

Overview

• Agriculture and renewable fuels firm's Q4 adjusted EPS beat analyst expectations

• Adjusted net income for Q4 beat analyst expectations

• Adjusted EBITDA for Q4 beat analyst expectations

Outlook

• Company expects strong sorghum export demand to benefit Skyland and Houston assets

• Andersons plans to lower carbon intensity of ethanol plants

• Company anticipates solid domestic premium ingredient demand supporting capital growth

Result Drivers

• RENEWABLES PERFORMANCE - Record production and favorable biofuels policies drove strong results in the Renewables segment

• CORN HARVEST - Agribusiness benefited from a record corn harvest and strong export demand

• STRATEGIC INVESTMENTS - Recent investments, including full ownership of ethanol plants, contributed to financial performance

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the fishing & farming peer group is "buy"

• Wall Street's median 12-month price target for Andersons Inc is $65.00, about 5.8% below its February 13 closing price of $69.03

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPn3JFphta

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