MGP Ingredients (MGPI) Expected to Announce Quarterly Earnings on Thursday

MGP Ingredients (NASDAQ:MGPI - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 31st. Analysts expect the company to announce earnings of $0.64 per share and revenue of $138.70 million for the quarter. MGP Ingredients has set its FY 2025 guidance at 2.450-2.750 EPS.

MGP Ingredients (NASDAQ:MGPI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The business had revenue of $121.65 million for the quarter, compared to analysts' expectations of $119.14 million. MGP Ingredients had a net margin of 1.66% and a return on equity of 12.48%. The business's quarterly revenue was down 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, analysts expect MGP Ingredients to post $6 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MGP Ingredients Price Performance

MGPI stock traded up $0.17 during mid-day trading on Friday, hitting $31.84. The company had a trading volume of 141,698 shares, compared to its average volume of 359,737. The company has a market capitalization of $677.30 million, a price-to-earnings ratio of 70.76 and a beta of 0.32. MGP Ingredients has a 12-month low of $25.12 and a 12-month high of $92.52. The company has a quick ratio of 0.76, a current ratio of 2.83 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $30.53 and a 200 day moving average price of $31.40.

MGP Ingredients Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Friday, May 16th. MGP Ingredients's payout ratio is 106.67%.

Insider Buying and Selling

In other news, Director Martin Roper bought 15,000 shares of the stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $33.10 per share, for a total transaction of $496,500.00. Following the acquisition, the director owned 18,180 shares of the company's stock, valued at $601,758. This represents a 471.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 34.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On MGP Ingredients

Hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of MGP Ingredients by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,446 shares of the company's stock worth $248,000 after purchasing an additional 390 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of MGP Ingredients by 10.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 158,879 shares of the company's stock worth $4,668,000 after purchasing an additional 14,501 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of MGP Ingredients during the 1st quarter worth $735,000. Finally, Millennium Management LLC lifted its stake in shares of MGP Ingredients by 116.6% during the 1st quarter. Millennium Management LLC now owns 359,813 shares of the company's stock worth $10,571,000 after purchasing an additional 193,660 shares during the last quarter. 77.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial reduced their price objective on MGP Ingredients from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen downgraded MGP Ingredients from a "hold" rating to a "sell" rating in a research report on Saturday, May 10th. Finally, Wells Fargo & Company cut their price objective on MGP Ingredients from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.33.

MGP Ingredients Company Profile

MGP Ingredients, Inc, together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions.