Ingredion (INGR) Set to Announce Quarterly Earnings on Thursday

Ingredion (NYSE:INGRGet Rating) is scheduled to release its earnings data before the market opens on Thursday, May 5th. Ingredion has set its FY22 guidance at $6.85-$7.45 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Ingredion (NYSE:INGRGet Rating) last issued its earnings results on Thursday, February 3rd. The company reported $1.09 earnings per share for the quarter. Ingredion had a return on equity of 15.42% and a net margin of 1.70%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the company posted $1.75 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts expect Ingredion to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of Ingredion stock opened at $85.70 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.78. Ingredion has a 52 week low of $81.25 and a 52 week high of $101.89. The stock has a 50 day moving average price of $87.29 and a two-hundred day moving average price of $92.82. The stock has a market capitalization of $5.70 billion, a PE ratio of 50.41 and a beta of 0.83.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 26th. Shareholders of record on Friday, April 1st were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 31st. This represents a $2.60 dividend on an annualized basis and a yield of 3.03%. Ingredion’s dividend payout ratio (DPR) is presently 152.94%.

A number of equities research analysts have commented on the company. Zacks Investment Research cut Ingredion from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. StockNews.com cut Ingredion from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Credit Suisse Group cut Ingredion from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $102.00 to $94.00 in a research note on Tuesday, April 12th. Finally, TheStreet raised Ingredion from a “c+” rating to a “b-” rating in a research report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $105.60.

In related news, SVP David Eric Seip bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The shares were bought at an average price of $85.90 per share, with a total value of $429,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 2 shares of company stock worth $170. 1.40% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of INGR. LPL Financial LLC boosted its position in Ingredion by 42.5% in the third quarter. LPL Financial LLC now owns 12,666 shares of the company’s stock worth $1,127,000 after purchasing an additional 3,780 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Ingredion in the third quarter valued at $268,000. Goldman Sachs Group Inc. raised its stake in shares of Ingredion by 6.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 212,770 shares of the company’s stock valued at $20,562,000 after buying an additional 12,256 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Ingredion by 309.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 43,794 shares of the company’s stock valued at $4,232,000 after buying an additional 33,090 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Ingredion in the fourth quarter valued at $48,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Company Profile (Get Rating)

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

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Earnings History for Ingredion (NYSE:INGR)

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