The Andersons Inc.: Stock Remains On My Watchlist Despite Cash Concerns

Jan. 30, 2023 12:45 PM ETThe Andersons, Inc. (ANDE) StockADM, ANDE
Stella Mwende
1.99K Followers

Summary

  • ANDE's trade group continues to bring in more revenues as compared to the Plant Nutrient segment.
  • The bolt-on acquisitions of Bridge Agri and Mote Farm were the highlights of Q3 2022.
  • ANDE's expansion into the UK is strategic to support the US and Canadian grain market.

Two farmers stand in a wheat field with tablet. Agronomists discuss harvest and crops among ears of wheat with grain terminal elevator on background

artiemedvedev/iStock via Getty Images

The Andersons (NASDAQ:ANDE) recently announced earnings per share ('EPS') of $0.50 on revenue of $4.22 billion. This revenue topped expectations by $906.23 million. According to the earnings report, the sale of trade commodities, ethanol segments like corn, wheat, soybeans, oats, etc. (under ASC 815) outperformed revenues from specialty

This article was written by

1.99K Followers
I have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ANDE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About ANDE Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on ANDE

Related Stocks

SymbolLast Price% Chg
ANDE
--