The Andersons Inc., in conjunction with its subsidiaries, operates as an agricultural producer and storage facilitator. The company was founded in 1947, has a market cap. of $836 million and is headquartered in Maumee, Ohio.

Guidance Spiraling Higher

Shares of ANDE have been on a big rally since late June after the company surprised the street and raised its earnings guidance.

The Anderson's pleased shareholders on June 26 when it raised its full-year earnings guidance, saying it now expected to earn between $4.40 and $4.80 per share, up from the previous range between $3.65 and $4.00 per share.

Amazingly, The Anderson's then proceeded to raise guidance once again in late July. Based upon strong demand in the company's nutrients group, it raised its full-year earnings guidance to between $5.00 and $5.40 per share.

Second-Quarter Results

Adding to the sizzle of The Anderson's stock price was the company's second-quarter results, reported on Aug 6. Revenue was up 74% from last year to $1.1 billion. Profit totaled $45.6 million, an increase of 78% from last year's $25.5 million. This produced earnings of $2.48 per share, blowing past analyst estimates of $2.19 per share.

Valuations

With the current-year estimate pegged at $5.20 per share, this stock still looks like a great buy even after the big run up, with a forward P/E multiple of just 8.8X, a steep discount to the overall market.

The Chart

As previously mentioned, shares of ANDE have been rallying for the last 6 weeks after the company provided a bullish outlook for investors and boosted its guidance twice within a month. As it stands, this stock is pressuring a key level of resistance just above $47. Take a look at the chart below.