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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:20 EDTANDEAndersons reports Q4 EPS 80c, consensus 89c
Reports Q4 revenue $1.68B, consensus $1.41B. The company said the majority of the year to year revenue increase relates to rising volume and prices, and growth, in the agricultural businesses.
News For ANDE From The Last 14 Days
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September 19, 2014
10:00 EDTANDEAndersons agrees to purchase two Texas grain companies
The Andersons announces it recently signed agreements to purchase the majority of the assets of two San Antonio, Texas-based, food grade corn companies, United Grain and Keller Grain. The facilities included in the agreements are located in Texas with a combined grain storage capacity of about two million bushels with about 35 employees. The transactions, which remain subject to certain customary closing conditions, are expected to be completed early in the fourth quarter.
September 16, 2014
09:26 EDTANDEAndersons estimates raised and remain above Street at BB&T
BB&T raised Andersons's 2014 EPS estimate, which remains above the Street, and initiated a 2015 EPS Street high estimate due to increased confidence in the 2014 crop and ethanol. The firm recommends using recent weakness as a buying opportunity and views concerns over FSA acreage as overblown. Shares are Buy rated with a raised price target of $74.
September 11, 2014
12:03 EDTANDEUSDA raises U.S. corn yield forecast to record
In its monthly World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture's corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks, the USDA wrote. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).

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