Ingredion (NYSE:INGR - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 10.900-11.60 for the period, compared to the consensus EPS estimate of 11.040. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
A number of research firms recently commented on INGR. UBS Group set a $155.00 price target on shares of Ingredion in a research note on Tuesday, April 22nd. StockNews.com cut Ingredion from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Oppenheimer decreased their price target on Ingredion from $167.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Stephens cut their price objective on Ingredion from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Finally, BMO Capital Markets decreased their target price on 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $152.20.
View Our Latest Stock Analysis on INGR
Ingredion Price Performance
Shares of INGR stock opened at $133.46 on Tuesday. Ingredion has a twelve month low of $111.54 and a twelve month high of $155.44. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $131.16 and a two-hundred day simple moving average of $135.53. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.03 and a beta of 0.73.
Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.54 by $0.09. Ingredion had a net margin of 8.71% and a return on equity of 18.62%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts predict that Ingredion will post 11.14 EPS for the current fiscal year.
Ingredion Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders 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 dividend yield of 2.40%. Ingredion's dividend payout ratio is presently 32.96%.
Insider Activity at Ingredion
In other Ingredion news, CEO James P. Zallie sold 10,815 shares of Ingredion stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $125.88, for a total value of $1,361,392.20. Following the transaction, the chief executive officer now owns 34,127 shares in the company, valued at $4,295,906.76. The trade was a 24.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.
About Ingredion
(
Get Free Report)
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.
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