MGP Ingredients (NASDAQ:MGPI - Get Free Report) is expected to announce its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect MGP Ingredients to announce earnings of $0.3244 per share and revenue of $119.70 million for the quarter. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Parties can find conference call details on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 10:00 AM ET.
MGP Ingredients (NASDAQ:MGPI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.23. The company had revenue of $124.36 million for the quarter, compared to the consensus estimate of $125.16 million. MGP Ingredients had a positive return on equity of 7.41% and a negative net margin of 48.08%. MGP Ingredients's quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. On average, analysts expect MGP Ingredients to post $1.65 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.
MGP Ingredients Stock Up 0.7%
MGP Ingredients stock opened at $15.13 on Wednesday. MGP Ingredients has a fifty-two week low of $12.42 and a fifty-two week high of $26.77. The firm has a market capitalization of $323.99 million, a price-to-earnings ratio of -1.34 and a beta of 0.49. The stock's fifty day moving average is $15.26 and its two-hundred day moving average is $17.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 6.99.
MGP Ingredients Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 14th. MGP Ingredients's payout ratio is -4.26%.
Insider Activity at MGP Ingredients
In other MGP Ingredients news, insider Paul S. Lux sold 33,000 shares of MGP Ingredients stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $17.76, for a total value of $586,080.00. Following the completion of the sale, the insider directly owned 550,458 shares of the company's stock, valued at approximately $9,776,134.08. The trade was a 5.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leslie Lux sold 27,731 shares of MGP Ingredients stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $14.40, for a total transaction of $399,326.40. The SEC filing for this sale provides additional information. Corporate insiders own 31.70% of the company's stock.
Wall Street Analysts Forecast Growth
MGPI has been the topic of a number of research reports. Roth Capital lowered their price objective on shares of MGP Ingredients from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday. Weiss Ratings restated a "sell (d-)" rating on shares of MGP Ingredients in a report on Friday, July 31st. Wells Fargo & Company cut their target price on shares of MGP Ingredients from $22.00 to $17.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. Finally, TD Cowen upped their price target on shares of MGP Ingredients from $18.00 to $20.00 and gave the company a "hold" rating in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, MGP Ingredients has a consensus rating of "Hold" and an average price target of $25.50.
Check Out Our Latest Report on MGPI
MGP Ingredients Company Profile
(
Get Free Report)
MGP Ingredients, Inc NASDAQ: MGPI is a food and beverage company headquartered in Atchison, Kansas. The company develops and produces distilled spirits, specialty wheat proteins, and specialty starches for consumer brands, food manufacturers, and other commercial customers.
Through its branded spirits business, MGP offers a portfolio of bourbon, rye whiskey, American whiskey, vodka, gin, and other distilled products. Its brands include Lux Row Distillers' Ezra Brooks, Daviess County, and Yellowstone Bourbon, as well as Remus Repeal Reserve.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MGP Ingredients, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MGP Ingredients wasn't on the list.
While MGP Ingredients currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
