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Andersons (ANDE) Closes Sale of Farm Centers in Florida
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The Andersons, Inc. (ANDE - Free Report) completed the sale of its previously announced farm center facilities in Florida to Wedgworth's Inc. of Belle Glade, FL. Andersons signed an agreement on Mar 6 for the divestment.
Andersons had acquired the farm centers in Florida through the purchase of Douglass Fertilizer in 2008 and Immokalee Farmers Supply, Inc. in 2011. The primary reason behind the divestment is that these farm centers are not strategically aligned with Andersons’ locations in the Eastern Corn Belt.
Andersons continues to streamline its organizational structure and improve operational efficiency. In second-quarter 2016, the company exited underperforming grain assets in Iowa. Further, in the fourth quarter, it closed two facilities, and two cob facilities to consolidate and optimize performance of the Grain Group.
In Jan 2017, the company declared that it would close its remaining four retail stores and shut down the retail business by mid 2017. These divestitures will allow Andersons to focus on its core business.
Moreover, Andersons has outperformed the Zacks categorized Agriculture Products industry in the past one year. The company’s shares gained around 25.5% during this period compared with roughly 19.5% growth recorded by the industry.
Andersons currently carries a Zacks Rank #3 (Hold).
United States Steel has an outstanding positive average earnings surprise of 630.61% for the last four quarters. Taseko Mines generated a remarkable positive average earnings surprise of 100.00% over the trailing four quarters. Trinseo has delivered an average positive earnings surprise of 22.41% in the past four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
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Andersons (ANDE) Closes Sale of Farm Centers in Florida
The Andersons, Inc. (ANDE - Free Report) completed the sale of its previously announced farm center facilities in Florida to Wedgworth's Inc. of Belle Glade, FL. Andersons signed an agreement on Mar 6 for the divestment.
Andersons had acquired the farm centers in Florida through the purchase of Douglass Fertilizer in 2008 and Immokalee Farmers Supply, Inc. in 2011. The primary reason behind the divestment is that these farm centers are not strategically aligned with Andersons’ locations in the Eastern Corn Belt.
Andersons continues to streamline its organizational structure and improve operational efficiency. In second-quarter 2016, the company exited underperforming grain assets in Iowa. Further, in the fourth quarter, it closed two facilities, and two cob facilities to consolidate and optimize performance of the Grain Group.
The Andersons, Inc. Price
The Andersons, Inc. Price | The Andersons, Inc. Quote
In Jan 2017, the company declared that it would close its remaining four retail stores and shut down the retail business by mid 2017. These divestitures will allow Andersons to focus on its core business.
Moreover, Andersons has outperformed the Zacks categorized Agriculture Products industry in the past one year. The company’s shares gained around 25.5% during this period compared with roughly 19.5% growth recorded by the industry.
Andersons currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same space include United States Steel Corporation (X - Free Report) , Taseko Mines Limited (TGB - Free Report) and Trinseo S.A. (TSE - Free Report) . All of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
United States Steel has an outstanding positive average earnings surprise of 630.61% for the last four quarters. Taseko Mines generated a remarkable positive average earnings surprise of 100.00% over the trailing four quarters. Trinseo has delivered an average positive earnings surprise of 22.41% in the past four quarters.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>