Ingredion (NYSE:INGR) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Key Points

• Ingredion reported earnings of $2.87 per share, surpassing estimates by $0.09, despite a year-over-year revenue decline of 2.4% to $1.83 billion.
• The company increased its fiscal year 2025 guidance to between $11.100-$11.600 EPS.
• Ingredion announced a quarterly dividend of $0.80, which translates to an annualized amount of $3.20 and a yield of 2.5%.

Ingredion (NYSE:INGR - Get Free Report) posted its quarterly earnings data on Friday. The company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.09, Zacks reports. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%. The company's revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 earnings per share. Ingredion updated its FY 2025 guidance to 11.100-11.600 EPS.

Ingredion Stock Performance

NYSE INGR traded up $0.50 during trading hours on Tuesday, hitting $127.10. 188,453 shares of the stock were exchanged, compared to its average volume of 533,040. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. Ingredion has a 12-month low of $120.51 and a 12-month high of $155.44. The stock has a 50-day moving average of $136.12 and a 200 day moving average of $133.58. The company has a quick ratio of 1.81, a current ratio of 2.78 and a debt-to-equity ratio of 0.41.

Ingredion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 1st were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, July 1st. Ingredion's dividend payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

INGR has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of Ingredion from $149.00 to $151.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded shares of Ingredion from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, Oppenheimer decreased their price objective on shares of Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ingredion currently has an average rating of "Moderate Buy" and an average price target of $151.40.

Insider Transactions at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 2,400 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.82, for a total value of $325,968.00. Following the completion of the transaction, the senior vice president directly owned 31,996 shares of the company's stock, valued at approximately $4,345,696.72. This trade represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Ingredion

Several large investors have recently modified their holdings of INGR. Focus Partners Wealth boosted its position in Ingredion by 5.6% during the first quarter. Focus Partners Wealth now owns 3,636 shares of the company's stock worth $492,000 after acquiring an additional 192 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Ingredion by 5.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company's stock valued at $13,712,000 after purchasing an additional 5,255 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Ingredion by 9.0% in the 1st quarter. NewEdge Advisors LLC now owns 9,687 shares of the company's stock valued at $1,310,000 after purchasing an additional 797 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ingredion by 63.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company's stock valued at $499,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Ingredion by 32.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company's stock valued at $281,000 after purchasing an additional 514 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Company Profile

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.