Ingredion (INGR) Expected to Announce Quarterly Earnings on Tuesday

Ingredion (NYSE:INGR - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $2.49 per share and revenue of $1.84 billion for the quarter. Ingredion has set its FY 2025 guidance at 10.750-11.550 EPS and its FY25 guidance at $10.75-11.55 EPS.

Ingredion (NYSE:INGR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $0.09. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. Ingredion's quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 EPS. On average, analysts expect Ingredion to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Ingredion Stock Up 1.0 %

Shares of NYSE INGR traded up $1.30 during mid-day trading on Friday, reaching $132.30. 517,086 shares of the company's stock traded hands, compared to its average volume of 465,972. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.62 and a quick ratio of 1.69. The business has a 50-day simple moving average of $131.11 and a 200 day simple moving average of $135.53. The stock has a market cap of $8.51 billion, a P/E ratio of 13.63, a PEG ratio of 1.03 and a beta of 0.73. Ingredion has a 1-year low of $111.54 and a 1-year high of $155.44.

Ingredion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.20 dividend on an annualized basis and a yield of 2.42%. Ingredion's dividend payout ratio (DPR) is currently 32.96%.

Insider Buying and Selling

In other Ingredion news, CEO James P. Zallie sold 10,815 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total transaction of $1,361,392.20. Following the completion of the transaction, the chief executive officer now directly owns 34,127 shares of the company's stock, valued at approximately $4,295,906.76. This represents a 24.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

INGR has been the topic of a number of recent research reports. Oppenheimer dropped their target price on Ingredion from $167.00 to $155.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. UBS Group set a $155.00 price objective on Ingredion in a research note on Tuesday, April 22nd. Stephens reduced their target price on shares of Ingredion from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. StockNews.com lowered shares of Ingredion from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets reduced their price objective on shares of Ingredion from $147.00 to $133.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Ingredion presently has a consensus rating of "Moderate Buy" and an average target price of $152.20.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.