NasdaqGS:ANDEConsumer Retailing
Andersons (ANDE) Stock Rallies As Renewables Earnings Reset The Story
The Andersons stock jumped about 7% to US$74.48 on the first trading day after earnings, and that move is all about one thing. The market is latching onto the earnings power of Renewables.
Q2 adjusted earnings per share came in at US$2.15, supported by record ethanol production and a rise in adjusted pretax income in Renewables to US$88 million. With trailing 12 month earnings described at more than US$6 per share and the stock still on a mid teens P/E, traders are treating this quarter as a...