MGP Ingredients (NASDAQ:MGPI) Issues FY 2025 Earnings Guidance

Key Points

• MGP Ingredients has issued FY 2025 earnings guidance, projecting EPS between $2.450 and $2.750, with a revenue forecast of $520.0 million to $540.0 million, aligning closely with analysts' expectations.
• The company recently announced a quarterly dividend of $0.12 per share, yielding approximately 1.60%, despite a high dividend payout ratio of 106.67%.
• MGP Ingredients' stock price has seen fluctuations; it recently traded at $30.00 and has experienced a 23.7% decline in quarterly revenue year-over-year.

MGP Ingredients (NASDAQ:MGPI - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.450-2.750 for the period, compared to the consensus estimate of 2.491. The company issued revenue guidance of $520.0 million-$540.0 million, compared to the consensus revenue estimate of $532.0 million.

MGP Ingredients Stock Performance

Shares of NASDAQ:MGPI traded up $0.61 during trading on Monday, hitting $28.54. 199,877 shares of the stock traded hands, compared to its average volume of 355,447. The company has a quick ratio of 0.79, a current ratio of 2.91 and a debt-to-equity ratio of 0.35. The company has a market cap of $607.62 million, a price-to-earnings ratio of -92.06 and a beta of 0.33. The company has a fifty day moving average price of $30.33 and a two-hundred day moving average price of $31.07. MGP Ingredients has a 52-week low of $25.12 and a 52-week high of $92.52.

MGP Ingredients (NASDAQ:MGPI - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.33. MGP Ingredients had a negative net margin of 1.08% and a positive return on equity of 10.66%. The company had revenue of $145.49 million for the quarter, compared to analysts' expectations of $138.70 million. During the same quarter in the previous year, the company posted $1.71 EPS. The firm's quarterly revenue was down 23.7% on a year-over-year basis. As a group, equities analysts predict that MGP Ingredients will post 5.56 EPS for the current year.

MGP Ingredients Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%. MGP Ingredients's dividend payout ratio is -154.84%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MGPI shares. Wall Street Zen downgraded MGP Ingredients from a "hold" rating to a "sell" rating in a report on Saturday, May 10th. Truist Financial decreased 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.33.

Insiders Place Their Bets

In other MGP Ingredients news, Director Martin Roper bought 15,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $33.10 per share, for a total transaction of $496,500.00. Following the purchase, the director directly owned 18,180 shares in the company, valued at $601,758. This trade represents a 471.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 34.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MGP Ingredients

Several hedge funds and other institutional investors have recently made changes to their positions in MGPI. Millennium Management LLC lifted its holdings in MGP Ingredients by 116.6% during the first quarter. Millennium Management LLC now owns 359,813 shares of the company's stock worth $10,571,000 after acquiring an additional 193,660 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of MGP Ingredients by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 158,879 shares of the company's stock valued at $4,668,000 after purchasing an additional 14,501 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of MGP Ingredients in the first quarter valued at approximately $735,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of MGP Ingredients by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,446 shares of the company's stock valued at $248,000 after buying an additional 390 shares during the period. 77.11% of the stock is owned by institutional investors and hedge funds.

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.