Intrepid Potash (NYSE:IPI) Issues Quarterly Earnings Results

Key Points

• Intrepid Potash reported quarterly EPS of $0.14, missing analyst estimates of $0.23 by $0.09. Revenue came in at $51.03 million, slightly above the $50.41 million consensus.
• Shares fell 0.8% to $30.75 during Tuesday trading.
• Analysts’ average rating is “Moderate Buy”, with a consensus price target of $35.00; recent ratings were mixed, including a price-target cut and a downgrade to Hold.

Intrepid Potash (NYSE:IPI - Get Free Report) issued its earnings results on Tuesday. The potash and fertilizer producer reported $0.14 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.09), FiscalAI reports. The business had revenue of $51.03 million for the quarter, compared to analysts' expectations of $50.41 million. Intrepid Potash had a net margin of 8.94% and a return on equity of 4.74%.

Intrepid Potash Trading Down 0.8%

IPI stock traded down $0.24 during trading on Tuesday, reaching $30.75. The stock had a trading volume of 190,300 shares, compared to its average volume of 247,520. The firm has a market cap of $413.85 million, a PE ratio of 15.53 and a beta of 1.31. The stock's 50 day moving average is $35.24 and its two-hundred day moving average is $36.51. Intrepid Potash has a 52 week low of $22.55 and a 52 week high of $50.34.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Freedom Broker lowered their price target on Intrepid Potash from $44.00 to $41.00 and set a "buy" rating on the stock in a report on Monday. UBS Group reiterated a "buy" rating on shares of Intrepid Potash in a report on Monday. Zacks Research downgraded Intrepid Potash from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 7th. Freedom Capital raised Intrepid Potash to a "strong-buy" rating in a research report on Friday, July 24th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Intrepid Potash in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Intrepid Potash Company Profile

Intrepid Potash, Inc is a U.S.-based mineral producer specializing in potash and specialty fertilizers.

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