On February 15, The Andersons Inc. (ANDE) declared its financial results for the fourth quarter of 2021. Consequently, the stock advanced further in the after-hours on Tuesday.
The positive anticipation of the quarterly earnings caused the stock to gain 3.15% during regular trading. ANDE closed the regular session at $40.00 with 653.55K shares exchanging. The day’s volume was pretty active at 350% of its 65-day average. Following the announcement of the results, the stock gained a further 6.45% in the after-hours. Hence, ANDE had a value of $42.58 per share in the after-hours on Tuesday.
The agricultural rooted diversified company, The Andersons Inc. has a market capitalization of $1.29 billion. Currently, the company has 33.29 million shares outstanding in the market. ANDE stock stands at a year-to-date gain of a meager 3.33% while it increased by 50.55% last year.
ANDE’s Q4 2021 Report
In Q4 2021, the company had an adjusted net income of $39.2 million from continuing operations. Therefore, the adjusted net income per diluted share in the quarter was $1.14.
Moreover, the adjusted EBITDA from continuing operations in Q4 2021, was $130.5 million.
Before working capital changes, ANDE generated $84.4 million in cash from operations in the quarter.
In addition, the company will be hosting a webcast for discussing its performance on February 16, 2022. The company will also provide guidance for 2022 during the webcast.
Recent Developments
On February 11, the company announced its recognition as one of America’s Best Midsize Employers of 2022 by Forbes. The Forbes prestigious award list was announced on February 10, 2022.
This year’s honorees were selected by Forbes and Statista Inc. through an independent survey. Statista is a world-leading statistics portal that provides industry rankings. 500 large employers and 500 midsize employers were awarded across 25 industry sectors in the prestigious list.
ANDE’s Quarterly Dividend
On December 16, the company announced a Q1 2022 cash dividend of $0.18 per share declared by its board. This quarter’s dividend was increased by 3% from the previous due to strong cash flow and operating performance of the company. Furthermore, the dividend was payable on January 21 to record shareholders of January 3, 2022.
Recent Participations
On December 02, the company participated in a fireside chat at the Stephens Annual Investment Conference.
Before this, ANDE’s management also participated in the Morgan Stanley Global Chemicals, Agriculture, and Packaging Conference on November 10.
