Ingredion (INGR) Scheduled to Post Quarterly Earnings on Thursday

Ingredion (NYSE:INGR) will post its quarterly earnings results before the market opens on Thursday, November 1st. Analysts expect Ingredion to post earnings of $2.02 per share for the quarter. Ingredion has set its FY18 guidance at $7.50-7.80 EPS.

Ingredion (NYSE:INGR) last released its earnings results on Thursday, August 2nd. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.47 billion. Ingredion had a net margin of 8.40% and a return on equity of 18.91%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 EPS. On average, analysts expect Ingredion to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

NYSE:INGR opened at $98.43 on Tuesday. The stock has a market capitalization of $7.06 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.28 and a beta of 0.61. The company has a current ratio of 2.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.54. Ingredion has a 1-year low of $89.48 and a 1-year high of $146.28.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Monday, October 1st were given a $0.625 dividend. The ex-dividend date of this dividend was Friday, September 28th. This is an increase from Ingredion’s previous quarterly dividend of $0.60. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.54%. Ingredion’s dividend payout ratio is currently 32.47%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Ingredion from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup reduced their target price on shares of Ingredion from $95.00 to $89.00 and set a “sell” rating on the stock in a research report on Wednesday, October 24th. ValuEngine raised shares of Ingredion from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 27th. Credit Suisse Group downgraded shares of Ingredion from an “outperform” rating to a “neutral” rating and set a $130.00 target price on the stock. in a research report on Wednesday, July 18th. Finally, Stephens reaffirmed a “hold” rating and issued a $110.00 target price on shares of Ingredion in a research report on Friday, July 13th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $124.50.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.

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Earnings History for Ingredion (NYSE:INGR)

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